{"id":297206,"date":"2023-07-19T14:00:42","date_gmt":"2023-07-19T08:30:42","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=297206"},"modified":"2023-07-19T12:36:23","modified_gmt":"2023-07-19T07:06:23","slug":"section-12-of-competition-amendment-act-2023-came-into-force-legal-news","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2023\/07\/19\/section-12-of-competition-amendment-act-2023-came-into-force-legal-news\/","title":{"rendered":"Section 12 of Competition (Amendment) Act, 2023 comes into force with effect from 18-7-2023"},"content":{"rendered":"
\n

On 18-7-2023, the Ministry of Corporate Affairs appointed 18-7-2023 as the date on which the provision of Section 12 of the Competition (Amendment) Act, 2023<\/a> came into force.<\/p>\n

Key Points:<\/b><\/p>\n

    \n
  1. \n

    Section 12 of the Amendment Act, 2023 amends Section 16 of the Competition Act, 2002<\/a>.<\/p>\n<\/li>\n

  2. \n

    Section 16 of the Competition Act, 2022<\/b> relates to the Appointment of Director General, by the Commission with prior approval of the Central Government, to assist the Commission in conducting inquiry into if any provision of this Act is contravened.<\/p>\n<\/li>\n<\/ol>\n

    Note-<\/b> Earlier MCA appointed effective date of other provisions of the Competition (Amendment) Act, 2023<\/a>.<\/p>\n

    READ MORE<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    On 18-7-2023, the Ministry of Corporate Affairs appointed 18-7-2023 as the date on which the provision of Section 12 of the Competition <\/p>\n","protected":false},"author":67515,"featured_media":293777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[20201,57760,59469,47127,34729],"class_list":["post-297206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications","tag-central-government","tag-competition-amendment-act-2023","tag-competitionact","tag-effective-date","tag-mca"],"yoast_head":"\nEffective date of Provision 12 of Competition Amendment Act 2023 | SCC Blog<\/title>\n<meta name=\"description\" content=\"Ministry of Corporate Affairs appointed 18 July 2023 as the date on which Provision 12 of Competition Amendment Act 2023 came into effect.\" 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