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Date: 09-Sep-2024 Category: Extra Ordinary State: Union Government Country: India

Notification of sections

Issued by Ministry of Corporate Affairs · Not Applicable

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Executive Summary & Key Takeaways

Gazette Notification Description

  • This notification from the Ministry of Corporate Affairs, Government of India, appoints September 10th, 2024, as the effective date for certain sections of the Competition (Amendment) Act, 2023 (9 of 2023).

Key Changes

  • The notification specifies that sections 6 to 8, 21 to 24, 28, 30, 34, and 38 of the Competition (Amendment) Act, 2023 will come into force on September 10th, 2024. No further details on the content of these sections are provided in this notification.
  • The sections brought into force relate to amendments to the Competition Act, but the precise nature of these amendments is not detailed in this gazette notification itself. Further research into the Competition (Amendment) Act, 2023 is required to understand the specific changes.

Impact Analysis

Impact on Businesses

  • The impact will vary depending on the specific nature of the business and the industry it operates in. A thorough review of the amended sections is necessary to determine the precise impact.

Impact on Competition Commission of India (CCI)

  • Increased workload and potential need for additional resources may be anticipated.

Impact on Legal Professionals

  • Increased demand for legal expertise in interpreting and advising on the implications of the amended sections of the Competition Act is expected.

Suggested Action Items

  • Develop and implement strategies to address any necessary changes in business practices.

Key Entities Referenced

Ministry of Corporate Affairs: The issuing authority of the gazette notification. Competition (Amendment) Act, 2023 (9 of 2023): The Act amended by the notification. The specific changes introduced by the amendment are not detailed in this notification. Competition Commission of India (CCI): The body responsible for enforcing the Competition Act.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-09092024-257006 CG-DxLx-xEG-I0D9H09xx2x0 24-257006 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण्ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार से प्रकाजित PUBLISHED BY AUTHORITY सं. 3516] नई दिल्ली, सोमवार, जसतम्ब र 9, 2024/भाद्र 18, 1946 No. 3516] NEW DELHI, MONDAY, SEPTEMBER 9, 2024/BHADRA 18, 1946 कारपोरेट कार् यमत्रं ालर् अधिसचू ना नई दिल् ली, 9 जसतम् बर, 2024 का.आ. 3846(अ).— केंद्रीर् सरकार, प्रजतस्ट्पधाय (संिोधन) अजधजनर्म, 2023 (2023 का 9) की धारा 1 की उप-धारा (2) द्वारा प्रित्त िजिर्ों का प्रर्ोग करते हुए, 10 जसतम्बर, 2024 को उस तारीख के रूप में जनर्त करती है जिसको उि अजधजनर्म की जनम्नजलजखत धाराओं के उपबंध प्रवृत्त होंगे, अर्ायत्:— (1) धारा 6 से 8 (िोनों िाजमल); (2) धारा 21 से 24 (िोनों िाजमल); (3) धारा 28; (4) धारा 30; (5) धारा 34; और (6) धारा 38; [फा. सं. कॉम्प-05/4/2023-कॉम्प-एमसीए] मनोि पाण्डेर्, अपर सजिव 5753 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 9th September, 2024 S.O. 3846(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 10th day of September, 2024 as the date on which the provisions of the following sections of the said Act shall come into force, namely:–– (1) sections 6 to 8 (both inclusive); (2) sections 21 to 24 (both inclusive); (3) section 28; (4) section 30; (5) section 34; and (6) section 38. [F. No. Comp-05/4/2023-Comp-MCA] MANOJ PANDEY, Addl. 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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