Competition exemption for bank reorganisations excludes sections five and six, effective for a ten-year period. Central Government exempts reconstitution, transfer (whole or part) and amalgamation of nationalized banks under the Banking Companies (Acquisition and Transfer of Undertakings) Acts, 1970 and 1980, from the application of Sections 5 and 6 of the Competition Act, 2002. The exemption is granted under clause (a) of Section 54 of the Competition Act and is effective for ten years from the notification's publication in the Official Gazette.