If the Bank is satisfied that it is not necessary to apply all or any of the provisions of this Chapter to any non-banking financial company or any class of non-banking financial companies, the Bank may, by notification, exempt such company or class of companies from all or any of the said provisions.
Chapter IIIA — Collection and Furnishing of Credit Information
Section 45NC
Power of Bank to exempt
Printed from Law on Tips • The Reserve Bank of India Act, 1934