Exemption from Section 19 2 of the BR Act 1949 CANARA BANK

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-26112024-258930 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 4677] NEW DELHI, TUESDAY, NOVEMBER 26, 2024/AGRAHAYANA 5, 1946 MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 26th November, 2024 S.O. 5067(E).—In exercise of the powers conferred by sub-section (1) of section 53 of the Banking Regulation Act, 1949 (10 of 1949), the Central Government, on the recommendation of the Reserve Bank of India, hereby declare that the provisions of sub-section (2) of section 19 of the said Act, shall not apply to Canara Bank, in so far as they relate to its holding shares of an amount exceeding thirty per cent. of the paid-up share capital of (i) Canara Robeco Asset Management Company Limited and (ii) Canara HSBC Life Insurance Company Limited till the 31st October, 2029 or its revocation, whichever is earlier. 2. This notification shall come into force on the date of its publication in the Official Gazette. [F. No. 7/11/2022-BOA.I] SAMEER SHUKLA, Jt. Secy.