This notification, S.O. 2828(E), issued by the Ministry of Corporate Affairs on August 30, 2017, exempts all cases of reconstitution, transfer of the whole or any part thereof, and amalgamation of nationalized banks under the Banking Companies Acquisition and Transfer of Undertakings Act, 1970 and the Banking Companies Acquisition and Transfer of Undertakings Act, 1980 from the application of Sections 5 and 6 of the Competition Act, 2002. This exemption, enacted under Section 54(a) of the Competition Act, 2002, is granted in the public interest and is effective for a period of ten years from the date of publication in the Official Gazette. The file number for this notification is F. No. Comp-07/4/2017-Comp-MCA. The issuing authority is K. V. R. Murty, Joint Secretary.
Key Entities Referenced
Competition Act, 2002: An Indian law that promotes competition and prevents anti-competitive practices. Sections 5 and 6 are specifically mentioned as being exempted under certain conditions.
Central Government: The executive authority of the Union of India, responsible for making the notification.
Banking Companies Acquisition and Transfer of Undertakings Act, 1970: An Indian law related to the acquisition and transfer of banking companies.
Banking Companies Acquisition and Transfer of Undertakings Act, 1980: An Indian law related to the acquisition and transfer of banking companies.
Ministry of Corporate Affairs: The Indian government ministry responsible for corporate affairs, which issued the notification.
K. V. R. Murty: The Joint Secretary of the Ministry of Corporate Affairs, as indicated by Jt. Secy., who is likely the signatory of the notification.
New Delhi: The city where the notification was issued from.
Official Gazette: The official government publication in which the notification is published.
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PART II—Section 3—Sub-section (ii)
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No. 2480] NEW DELHI, WEDNESDAY, AUGUST 30, 2017/BHADRA 8, 1939
कारपोरेट काय र्म(cid:7074)ं ालय
अिधसचू ना
नई िदल्ली, 30 अगस्त, 2017
का.आ. 2828(अ).—केन्(cid:7076)ीय सरकार (cid:7079)ितस्पधार् अिधिनयम, 2002 (2003 का 12) की धारा 54 के खडं (क) (cid:7367)ारा (cid:7079)द(cid:7275)
शि(cid:7334)य(cid:7298) का (cid:7079)योग करत े हुए, लोकिहत म(cid:7286), बक(cid:7289) कारी कंपनी (उप(cid:7059)म(cid:7298) का अजर्न और अतं रण) अिधिनयम, 1970 (1970 का 5) तथा
बक(cid:7289) कारी कंपनी (उप(cid:7059)म(cid:7298) का अजर्न और अतं रण) अिधिनयम, 1980 (1980 का 40) के अधीन रा(cid:7398)ीयकृत बक(cid:7289) (cid:7298) के पुनगर्ठन, उनके संपणू र्
या िकसी एक भाग के अंतरण और समामेलन के सभी मामल(cid:7298) को, इस अिधसूचना के राजप(cid:7074) म(cid:7286) (cid:7079)काशन की तारीख से दस वष र्की अविध
के िलए (cid:7079)ितस्पधार् अिधिनयम, 2002 की धारा 5 और धारा 6 के उपबधं (cid:7298) को लाग ूहोन ेस ेछूट (cid:7079)दान करती ह।ै
[फा. सं. कॉम्प-07/4/2017-कॉम्प-एमसीए]
के. वी. आर. मूित,र् संयु(cid:7334) सिचव
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 30th August, 2017
S.O. 2828(E).—In exercise of the powers conferred by clause (a) of Section 54 of the Competition Act, 2002
(12 of 2003), the Central Government in the public interest hereby exempts, all cases of reconstitution, transfer of the
whole or any part thereof and amalgamation of nationalized banks, under the Banking Companies (Acquisition and
Transfer of Undertakings) Act, 1970 (5 of 1970) and the Banking Companies (Acquisition and Transfer of Undertakings)
Act, 1980 (40 of 1980), from the application of provisions of Sections 5 and 6 of the Competition Act, 2002 for a period
of ten years from the date of publication of this notification in the Official Gazette.
[F. No. Comp-07/4/2017-Comp-MCA]
K. V. R. MURTY, Jt. Secy.
5392 GI/2017
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and Published by the Controller of Publications, Delhi-110054.