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.]
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