Amendment status not verified — confirm the current text below against the official source.
(1) Government may make rules for carrying out the purposes of this Act. (2) All rules made under this Act shall come into force from the date of publication in the Official Gazette. 12[16. The Government may by notification published in the 13Telangana Gazette and for reasons to be recorded therein, exempt any person or class of persons or any financial or banking institution or agency or any class of financial or banking institutions or agencies from all or any of the provisions of this Act or the rules made thereunder, subject to such conditions as the Government may deem fit to impose; and they may, likewise, vary or cancel such exemption.] * * *