Competition Commission of India (General) Amendment Regulations, 2010 – Amendment in regulations 18,20,21 and 31

Notification No. L-3(2)/Regln- Gen. (Amdt.)/2009-10/CCI, dated 20-10-2010 issued by Competition Commission of India

In exercise of the powers conferred by section 64 of the Competition Act, 2002 (12 of 2003), the Competition Commission of India hereby makes the following regulations further to amend the Competition Commission of India (General) Regulations, 2009, namely:—

1.       (l) These regulations may be called the Competition Commission of India (General) Amendment Regulations, 2010.

(2) They shall come into force on the date of their publication in the Official Gazette.

2.       In the Competition Commission of India (General) Regulations, 2009,—

(1) in regulation 18, in sub-regulation (1),—

(a) after the words “the directions of the Commission”, the words “within seven days,”   shall be inserted;

(b) the words “and furnish a report to the Commission on or before the date specified  therein” shall be omitted;

(2) in regulation 20, in sub-regulation (2),—

(i)(a) for the words “as is reasonable”, the words as may be specified by the Commission which ordinarily shall not exceed sixty days from the date of receipt of the directions of the Commission shall be substituted;

(b) the words “to collect relevant data, record statements, afford opportunity for cross examination of witnesses and to carry out other necessary analysis in the circumstances of the particular case” shall be omitted;

(ii) in sub-regulation (3),—

(a) after the words “Director General”, the words “giving sufficient reasons,” shall be inserted;

(b) after the words “extend the time for submission of the report”, the words “by such period as it may consider reasonable” shall be inserted;

(iii) in sub-regulation (6), for the words “a reasonable time to be specified in its direction”, the words “such time as may be specified by the Commission but ordinarily not later than forty-five days” shall be substituted;

(3)in regulation 21,—

(i) in sub-regulation (1), after the words “before the Commission”, the words “within seven days,” shall be inserted;

(ii) in sub-regulation (2),—

(a) after the words “the Secretary shall”, the words “, within seven days,” shall be inserted;

(b) after the words “inviting objections or suggestions”, the words “, to be filed within fifteen days,” shall be inserted;

(iii) in sub-regulation (4), after the words “the Secretary shall”, the words “, within seven days,” shall be inserted;

(iv) in sub-regulation (6), for the words “fix the meeting of the Commission for the consideration thereof, the words “, with the approval of the Chairperson, fix the meeting of the Commission within seven days for consideration thereof shall be substituted.

(4) in regulation 31, after sub-regulation (2), the following sub-regulation shall be inserted, namely:—

“(3) Where in a case an interim order under Section 33 of the Act has been passed, a final order, as far as possible, shall be passed by the Commission, within ninety days from the date of interim order”.

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Category : Corporate Law (3530)
Type : Notifications (15402) Notifications/Circulars (30685)
Tags : CCI (94) competition act (104)

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