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Section 1

Section 53 shall be re -numbered as sub -section (1) thereof and in sub-section (1) as so re-numbered, for " banking company or institution or to any class of banking companies " , substitute,—

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1. Section 53 shall be re -numbered as sub -section (1) thereof and in sub-section (1) as so re-numbered, for " banking company or institution or to any class of banking companies " , substitute,— " banking company or institution or to any class of banking companies or any of their branches functioning or located in any Special Economic Zone established under the Special Economic Zones Act, 2005. " .