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Date: 19-Sep-2024 Category: Extra Ordinary State: Union Government Country: India

Notification of clause f of section 19 of the Competition Amendment Act 2023

Issued by Ministry of Corporate Affairs · Not Applicable

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Executive Summary & Key Takeaways

Gazette Notification Description

  • This gazette notification from the Ministry of Corporate Affairs, Government of India, announces the commencement of clause (f) of Section 19 of the Competition (Amendment) Act, 2023 (9 of 2023).
  • The notification, issued on September 19, 2024, specifies that the provisions of this clause will come into effect on the same date.

Key Changes

  • Clause (f) of Section 19 of the Competition (Amendment) Act, 2023, comes into force on September 19, 2024.
  • The specific content of clause (f) of Section 19 is not detailed in this notification. Further research into the Competition (Amendment) Act, 2023 is required to understand the precise nature of the changes.

Impact Analysis

Impact on Businesses

  • Businesses may need to adjust their practices and strategies to ensure compliance with the newly effective provisions. This might involve legal consultations and internal policy revisions.

Impact on the Competition Commission of India (CCI)

  • The CCI might need to issue new guidelines or interpretations to clarify the application of the newly effective clause.

Impact on Consumers

  • Consumers should monitor market changes resulting from the implementation of this clause.

Suggested Actions

  • Assess the potential impact on business operations and adjust strategies accordingly.

Key Entities Referenced

Ministry of Corporate Affairs (MCA): The issuing authority of the gazette notification. Responsible for corporate regulations in India. Competition (Amendment) Act, 2023 (9 of 2023): The Act under which the notification is issued. Contains the specific clause (f) of Section 19 that came into effect. Competition Commission of India (CCI): The regulatory body responsible for enforcing the provisions of the Competition Act, including the newly effective clause. Manoj Pandey: Additional Secretary, Ministry of Corporate Affairs, who signed the notification.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-19092024-257255 xxxGIDHxxx CG-DLxx-xEG-I1D9E0x9x2x0 24-257255 असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 3692] नई दिल्ली, बृहस्ट्पजतवार, जसतम्ब र 19, 2024/भार 28, 1946 No. 3692] NEW DELHI, THURSDAY, SEPTEMBER 19, 2024/BHADRA 28, 1946 कारपोरेट कार् यमत्रं ालर् अजधसचू ना नई दिल्ली, 19 जसतम् बर, 2024 का.आ. 4031(अ).—केन्द्रीर् सरकार, प्रजतस्ट्पधाय (संिोधन) अजधजनर्म, 2023 (2023 का 9) की धारा 1 की उप-धारा (2) द्वारा प्रित्त िजिर्ों का प्रर्ोग करते हुए, 19 जसतंबर, 2024 को उस तारीख के रूप में जनर्त करती ह ै जिसको उि अजधजनर्म की धारा 19 के खंड (च) के उपबंध प्रवृत्त होंगे। [फा. सं. कॉम्प-05/4/2023-कॉम्प-एमसीए(पाटय-1)] मनोि पाण्डेर्, अपर सजचव MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 19th September, 2024 S.O. 4031(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 19th day of September, 2024 as the date on which the provisions of clause (f) of section 19 of the said Act shall come into force. [F. No. Comp-05/4/2023-Comp-MCA (Part-1)] MANOJ PANDEY, Addl. Secy. 6038 GI/2024 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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