The Bank, on being satisfied that it is necessary so to do, may declare by notification in the Official Gazette that any or all of the provisions of this Chapter shall not apply to a non-banking institution or a class of non-banking institutions or a non-banking financial company or to any class or non-banking financial companies either generally or for such period as may be specified, subject to such conditions, limitations or restrictions as it may think fit to impose.]
Section 45NC: Power of Bank to exempt.
The Reserve Bank of India Act, 1934Central Act · Act 2 of 1934
Where this provision sits
| Act | The Reserve Bank of India Act, 1934 |
|---|---|
| Section | 45NC |
| Marginal note | Power of Bank to exempt. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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