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POWER TO EXEMPT [SECTION 462]
The Central Government may in public interest by notification direct that any provision of the Act shall not apply or shall apply with exemptions, modifications and adaptations as specified in the Notification to certain companies or classes of companies.
The copy of every notification issues under this section shall be laid before each House of Parliament for a period of thirty days in session. Both Houses may disapprove the notification or modify it within this period.
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