Amendment of section 72AA.

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..... nment under sub-section (7) of section 45 of the Banking Regulation Act, 1949 (10 of 1949); or. (b) any other banking institution or a company subsequent to a strategic disinvestment, wherein the amalgamation is carried out within a period of five years from the end of the previous year during which such strategic disinvestment is carried out; or"; (b) in the long line, after the words "such b .....

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..... o a strategic disinvestment, if such amalgamation takes place within five years of strategic disinvestment. It is further proposed to insert a new clause (via) in the Explanation to the said section to define "strategic disinvestment" by giving reference to the meaning assigned to it in clause (iii) of the Explanation to clause (d) of sub-section (1) of section 72A. This amendment will take effe .....

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