law: Factoring Regulation Act, 2011 
  30. Power to exempt.-
  1.     
  
    The
  
  Central Government may, by notification in the public interest, direct that any
  
  of the provisions of this Act,
  a.      shall not apply to
  
  such class or classes of banks or a company or a factor; or
  b.     shall apply to the
  
  such class or classes of banks or a company or a factor with such exceptions,
  
  modifications and adaptations as may be specified in the notification.
  2.     
  
    A
  
  copy of every notification issued under sub-section (1), shall be laid 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 making any
  
  modification in the notification or both the Houses agree that the notification
  
  shall not be issued or, the notification shall have effect only in such
  
  modified form or be of no effect, as the case may be; so, however, that any
  
  such modification or annulment shall be without prejudice to the validity of
  
  anything previously done under the notification.