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Date: 18-Jul-2023 Category: Extra Ordinary State: Union Government Country: India

coming into force of Section 12 of the Competition Amendment Act 2023

Issued by Ministry of Corporate Affairs · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The gazette notification S.O. 3199(E) issued by the Ministry of Corporate Affairs announces the enforcement date for Section 12 of the Competition (Amendment) Act, 2023.
  • The Central Government has appointed July 18, 2023, as the date on which the provision of section 12 of the Competition (Amendment) Act, 2023 will come into force.

Key Changes

  • Section 12 of the Competition (Amendment) Act, 2023, becomes effective from July 18, 2023.
  • The notification is issued in exercise of the powers conferred by sub-section (2) of section 1 of the Competition (Amendment) Act, 2023 (9 of 2023).

Impact Analysis

Businesses

  • Businesses should seek legal counsel to fully understand the scope and impact of Section 12 on their operations.

Competition Commission of India (CCI)

  • The CCI's enforcement actions related to Section 12 will likely shape the competitive landscape.

Legal Professionals

  • They will be required to advise clients on compliance and represent them in any related legal proceedings.

Key Entities Referenced

Central Government: The issuer of the notification, responsible for appointing the enforcement date of Section 12 of the Competition (Amendment) Act, 2023. Ministry of Corporate Affairs: The ministry that published the notification. Competition (Amendment) Act, 2023: The Act being amended, specifically Section 12. Competition Commission of India (CCI): The primary body responsible for enforcing competition law in India.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-18072023-247421 xxxGIDHxxx CG-DL-E-18072023-247421 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 3067] नई दिल्ली, मगं लवार, िुलाई 18, 2023/आषाढ़ 27, 1945 No. 3067] NEW DELHI, TUESDAY, JULY 18, 2023/ASHADHA 27, 1945 कारपोरेट कार् यमत्रं ालर् अजधसचू ना नई दिल्ली, 18 िुलाई, 2023 का.आ. 3199(अ).—केंद्रीर् सरकार, प्रजतस्ट्पधाय (संिोधन) अजधजनर्म, 2023 (2023 का 9) की धारा 1 की उप-धारा (2) द्वारा प्रित्त िजिर्ों का प्रर्ोग करते हुए, 18 िुलाई, 2023 को उस तारीख के रूप में जनर्त करती ह ैजिस तारीख को उि अजधजनर्म की धारा 12 का उपबंध लाग ूहोगा। [फा. सं. 1/1/2023-कॉम्प-एमसीए] मनोि पाण्डेर्, संर्ुक् त सजचव MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 18th July, 2023 S.O. 3199(E).—In exercise of the powers conferred by sub-section (2) of section 1 of the Competition (Amendment) Act, 2023 (9 of 2023), the Central Government hereby appoints the 18th July, 2023 as the date on which the provision of section 12 of the said Act shall come into force. [F. No. 1/1/2023-Comp-MCA] MANOJ PANDEY, Jt. Secy. 4614GI/2023 Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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