Notification S.O. 1305(E), dated 4th September, 1989 [N12-50Z]
As at 7 September 2026. In force from 4 September 1989.
S.O. 1305(E).—In exercise of the powers conferred by section 10 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts persons carrying on a regulated activity whose the running of an establishment does not exceed one thousand rupees in value in a financial year from the provisions of section 4 of the said Act, subject to the condition that every such person shall intimate the Controller in writing of the commencement of the running of an establishment within sixty days of such commencement.
Made under
Recital: "In exercise of the powers conferred by section 10 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980), the Central Government, being satisfied that it is necessary in the public interest so to do". Names section 10 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980) [S1R-DQ6]. Vires verified.
Acts on (1)
Exempts Section 4, Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 [S1R-DHA], 4 September 1989. "section 4 of the said Act".
Acted on by (0)
none
Not held (0)
none