Section 5. Recruitment for registration as a factor not to apply to bank or Statutory corporation or Government

5. Recruitment for registration as a factor not to apply to bank or Statutory corporation or Government company . —Nothing contained in section 3 shall apply to a bank or any corporation established under an Act of Parliament or State Legislature, or a Government Company as defined under section 617 of the Companies Act, 1956 (1 of 1956).