Competition law exemption for notified regional rural banks suspends application of anticompetitive provisions for a temporary period. The Central Government, under clause (a) of section 54 of the Competition Act, 2002, exempts Regional Rural Banks notified under sub-section (1) of section 23A of the Regional Rural Banks Act, 1976 from the application of the provisions of sections 5 and 6 of the Competition Act, by ministerial notification in the public interest for a temporary period from the date of its publication in the Official Gazette.
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Competition law exemption for notified regional rural banks suspends application of anticompetitive provisions for a temporary period.
The Central Government, under clause (a) of section 54 of the Competition Act, 2002, exempts Regional Rural Banks notified under sub-section (1) of section 23A of the Regional Rural Banks Act, 1976 from the application of the provisions of sections 5 and 6 of the Competition Act, by ministerial notification in the public interest for a temporary period from the date of its publication in the Official Gazette.
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