law: Credit Information Companies (Regulation) Act, 2005 
  32. Power of Reserve
  
  Bank to exempt in certain cases.-
  1.     
  
    The
  
  Central Government may, on the recommendation of the Reserve Bank, by
  
  notification in the Official Gazette, direct that any or all of the provisions
  
  of this Act shall not apply to any credit information company or a credit
  
  institution, as the case may be, either generally or for such period and
  
  subject to such exceptions or modifications, as may be mentioned in that
  
  notification.
  2.     
  
    A
  
  copy of every notification proposed to be issued under sub-section (1), shall
  
  be laid in draft before each House of Parliament, while it is in session, for a
  
  total period of thirty days which may be comprised in one session or in two or
  
  more successive sessions, and if, before the expiry of the session immediately following
  
  the session or the successive sessions aforesaid, both Houses agree in
  
  disapproving the issue of the notification or both Houses agree in making any
  
  modification in the notification, the notification shall not be issued or, as
  
  the case may be, shall be issued only in such modified form as may be agreed
  
  upon by both the Houses.