Home India Ministry of Corporate Affairs In exercise of the powers conferred by clause d of sub secti...
Date: 2018-02-28 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by clause d of sub section 2 of section 63 read with sub section 1 of section 14 of the Competition Act

Issued by Ministry of Corporate Affairs · Not Applicable

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Executive Summary & Key Takeaways

This notification, G.S.R. 190(E), issued by the Ministry of Corporate Affairs on February 28, 2018, amends the Competition Commission of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and other Members) Rules, 2003. The amendment, officially titled "Competition Commission of India Salary, Allowances and other Terms and Conditions of Service of Chairperson and other Members Amendment Rules, 2018," comes into effect on January 1, 2016. The core change involves an increase in the salary of the Chairperson and Members of the Competition Commission of India, substituting "three lakh seventy five thousand rupees" with "four lakh rupees" in rule 3 of the principal rules. The notification is issued under the authority of section 63(2)(d) read with section 14(1) of the Competition Act, 2002 (12 of 2003). The Joint Secretary, K. V. R. Murty, signed the notification (F. No. 552003/IGCCS). The principal notification, G.S.R. 784(E), was published on October 6, 2003, and subsequently amended via G.S.R. 136(E) on February 27, 2009, G.S.R. 613(E) on August 28, 2009, G.S.R. 854(E) on December 1, 2011 and G.S.R. 164(E) on March 5, 2014.

Key Entities Referenced

Competition Act, 2002: An Indian law related to competition regulation and policy. Competition Commission of India: An Indian regulatory body established to enforce the Competition Act, 2002. Competition Commission of India Salary, Allowances and other Terms and Conditions of Service of Chairperson and other Members Rules, 2003: A set of rules governing the salary, allowances, and service conditions of the Chairperson and members of the Competition Commission of India. Ministry of Corporate Affairs: A ministry in the Government of India responsible for corporate affairs. New Delhi: The location of publication of the notification; New Delhi, Delhi K. V. R. Murty: Jt. Secy. (Joint Secretary) who signed the notification. January 1, 2016: The date from which the amended rules come into effect. Government of India Press, Ring Road, Mayapuri, New Delhi: The location where the document was printed.
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