The gazette notification issued by the Ministry of Corporate Affairs announces the enforcement date for a specific section of the Competition (Amendment) Act, 2023.
Specifically, Section 45 of the Competition (Amendment) Act, 2023, is being brought into force, but only to the extent that it relates to Section 64B and associated entries.
Key Changes
The Central Government has appointed October 26, 2023, as the date on which Section 45 of the Competition (Amendment) Act, 2023 (Act 9 of 2023), comes into force specifically concerning Section 64B.
This notification activates only a portion of Section 45, focusing on its connection to Section 64B and related provisions.
Impact Analysis
Stakeholders Affected
Legal professionals specializing in competition law will need to understand and advise clients on the implications of the enforced provisions.
Suggested Action Items
Industry associations may need to provide guidance and training to their members regarding the new enforcement.
Key Entities Referenced
Ministry of Corporate Affairs: The issuing authority for this notification, responsible for administering the Competition Act, 2002 and related legislation.
Competition (Amendment) Act, 2023: The Act being amended, specifically Act 9 of 2023. Section 1(2) provides the power to appoint enforcement dates for various sections of the Act.
Section 45 of the Competition (Amendment) Act, 2023: The specific section of the Amendment Act that is being brought into force, but only as it relates to Section 64B.
Section 64B of the Competition Act: The specific section of the Competition Act that Section 45 now relates to and brings into force.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-26102023-249711
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 4486] नई दिल्ली, बृहस्ट्प जतिार, अक्त बू र 26, 2023/कार्तकय 4, 1945
No. 4486] NEW DELHI, THURSDAY, OCTOBER 26, 2023/KARTIKA 4, 1945
कारपोरेट कार् य मत्रं ालर्
अजधसचू ना
नई दिल्ली, 26 अक् तूबर, 2023
का.आ. 4672(अ).—केंद्रीर् सरकार, प्रजतस्ट्पधाय (संिोधन) अजधजनर्म, 2023 (2023 का 9) की धारा 1 की उपधारा (2)
द्वारा प्रित्त िजिर्ों का प्रर्ोग करते हुए, 26 अिूबर, 2023 को उस तारीख के रूप में जनर्त करती है, जिसको उि अजधजनर्म की
धारा 45, िहां तक उसका संबंध धारा 64ख और उससे संबंजधत प्रजिजिर्ों से है, प्रिृत्त होगी ।
[फा. सं. 05/4/2023-सीओएमपी-एमसीए]
इन्द्द्र िीप ससंह धारीिाल, संर्ुक् त सजचि
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 26th October, 2023
S.O. 4672(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 26th October, 2023 as the date on
which section 45, in so far as it relates to Section 64B and the entries relating thereto, of the said Act shall come into
force.
[F. No. 05/4/2023-Comp-MCA]
INDER DEEP SINGH DHARIWAL, Jt. Secy.
6792 GI/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.