Home India Ministry of Corporate Affairs In exercise of the powers conferred by clause a of sub secti...
Date: 2018-09-06 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by clause a of sub section 2 of section 63 read with sub section

Issued by Ministry of Corporate Affairs · Not Applicable

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Executive Summary & Key Takeaways

This notification, G.S.R. 840(E), issued by the Ministry of Corporate Affairs on September 6, 2018, amends the Competition Commission of India (Term of the Selection Committee and the Manner of Selection of Panel of Names) Rules, 2008. The amendment, formally titled the "Competition Commission of India Term of the Selection Committee and the Manner of Selection of Panel of Names Amendment Rules, 2018," modifies rule 4, sub-rule 3 of the 2008 rules, substituting "one hundred and eighty days" for "one hundred and twenty days." This change pertains to the timeframe within the selection process. The amendment is enacted under the authority granted by clause (a) of subsection (2) of section 63, read with subsection (2) of section 9 of the Competition Act, 2002 (12 of 2003). The rules take effect on the date of publication in the Official Gazette. The notification was issued under F. No. 5/22/2007-CS by K. V. R. Murty, Joint Secretary. The principal rules were published under G.S.R. 111(E), dated 27th February, 2008, and subsequently amended vide G.S.R. 156(E), dated 6th March, 2009, G.S.R. 259(E), dated 20th April, 2009 and G.S.R. 729 (E), dated 15th October, 2014.

Key Entities Referenced

Competition Act, 2002: An Indian law related to competition and anti-trust regulation. Mentioned in the context of powers conferred to the Central Government. Competition Commission of India: An Indian statutory body that enforces the Competition Act, 2002 and promotes competition. The notification amends rules related to its selection committee. Competition Commission of India Term of the Selection Committee and the manner of selection of panel of names Rules, 2008: The original rules that are being amended by this notification. Competition Commission of India Term of the Selection Committee and the manner of selection of panel of names Amendment Rules, 2018: The new rules which amend the 2008 rules. New Delhi: The city where the notification was issued, located in Delhi. Ministry of Corporate Affairs: The Indian government ministry responsible for issuing the notification. K. V. R. Murty: The Joint Secretary of the Indian government who signed the notification. Official Gazette: The official government publication where the amended rules will be published.
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