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Date: 19-May-2023 Category: Extra Ordinary State: Union Government Country: India

Competition Amendment Act 2023 regarding

Issued by Ministry of Corporate Affairs · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The notification issued by the Ministry of Corporate Affairs announces the enforcement date for several sections of the Competition (Amendment) Act, 2023. The Central Government has appointed May 18, 2023, as the date on which specific sections of the Act will come into force.

Key Changes

  • The following sections of the Competition (Amendment) Act, 2023, are now in effect as of May 18, 2023:
  • Sections 1 to 5 (inclusive)
  • Sections 9 to 11 (inclusive)
  • Sections 13 to 18 (inclusive)
  • Section 19 (excluding clause f)
  • Sections 25 to 27 (inclusive)
  • Section 29
  • Sections 31 to 32 (inclusive)
  • Sections 36 and 37
  • Section 39
  • Sections 41 to 44 (inclusive)
  • Section 45 (excluding section 64B)

Impact Analysis

Businesses and Corporations

  • Businesses should seek legal counsel to interpret the changes and implement necessary adjustments.

Competition Commission of India (CCI)

  • The commission should conduct outreach programs to educate stakeholders about the changes in the law.

Legal Professionals

  • Continuous professional development in competition law is essential.

Government and Regulatory Bodies

  • Monitoring and evaluation mechanisms should be established to assess the impact of the amendments on market competition.

Key Entities Referenced

Central Government: The entity responsible for enacting and enforcing the Competition (Amendment) Act, 2023. Ministry of Corporate Affairs: The government ministry that issued the notification regarding the enforcement of specific sections of the Competition (Amendment) Act, 2023. Competition (Amendment) Act, 2023 (9 of 2023): The legislative act that amends the existing competition laws, with the aim of fostering competition and preventing anti-competitive practices.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-19052023-245953 xxxGIDHxxx CG-DL-E-19052023-245953 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.ं 2134] नई दिल्ली, िुक्रवार, मई 19, 2023/विै ाख 29, 1945 No. 2134] NEW DELHI, FRIDAY, MAY 19, 2023/VAISAKHA 29, 1945 कारपोरेट कार् य मत्रं ालर् अजधसचू ना नई दिल्ली, 18 मई, 2023 का.आ. 2228(अ).— केन्द्रीर् सरकार, प्रजतस्ट्पधाय (संिोधन) अजधजनर्म, 2023 (2023 का 9) की धारा 1 की उपधारा (2) द्वारा प्रित्त िजिर्ों का प्रर्ोग करत े हुए, तारीख 18 मई, 2023 को उस तारीख के रुप म ें जनर्त करती ह ै जिसको उि अजधजनर्म की जनम्नजलजखत धाराओं के उपबंध प्रवृत्त होंगे :- क्रम संख्र्ा धाराए ं (1) धारा 1 स ेधारा 5 तक (िोनों सजहत) ; (2) धारा 9 स ेधारा 11 तक (िोनों सजहत) ; (3) धारा 13 स ेधारा 18 तक (िोनों सजहत) ; (4) धारा 19 (खंड च के जसवार्) ; (5) धारा 25 स ेधारा 27 तक (िोनों सजहत) ; (6) धारा 29 ; (7) धारा 31 स ेधारा 32 तक (िोनों सजहत) ; (8) धारा 36 और धारा 37 ; 3207 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] (9) धारा 39 ; (10) धारा 41 स ेधारा 44 तक (िोनों सजहत) ; (11) धारा 45 ( धारा 64ख जसवार्) ; [फा. सं.सीओएमपी- 05/04/2023- सीओएमपी-एमसीए] मनोि पाण्डेर्, संर्ुि सजचव MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 18th May, 2023 S.O. 2228(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 day of May, 2023 as the date on which the provisions of the following sections of the said Act shall come into force, namely:- Serial Number Sections (1) Sections 1 to 5 (both inclusive); (2) Sections 9 to 11 (both inclusive); (3) Sections 13 to 18 (both inclusive); (4) Section 19 (except clause f ); (5) Sections 25 to 27 (both inclusive); (6) Section 29; (7) Sections 31 to 32 (both inclusive); (8) Sections 36 and 37; (9) Section 39; (10) Sections 41 to 44 (both inclusive); (11) Section 45 (except 64B). [F. No. Comp-05/4/2023-Comp-MCA] MANOJ PANDEY, Jt. Secy. 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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