Section 11 - Substitution of new section for section 12 - Competition (Amendment) Act, 2023

Substitution of new section for section 12 11 . For section 12 of the principal Act, the following section shall be substituted, namely: Restriction on employment of Chairperson and other Members. 12. (1) The Chairperson and other Members shall, for a period of two years from the date on which they cease to hold office, not accept any employment in or advise as a consultant, retainer or in any other capacity whatsoever, or be connected with the management or administration of (a) any enterprise which is or has been a party to a proceeding before the Commission under this Act; or (b) any person who appears or has appeared before the Commission under section 35. (2) Notwithstanding anything contained in section 35, the Chairperson or any other Member after retirement or otherwise ceasing to be in service for any reason shall not represent for any person or enterprise before the Commission: Provided that nothing contained in this section shall apply to any employment under the Central Government or a State Government or local authority or in any statutory authority or any corporation established by or under any Central, State or Provincial Act or a Government company as defined in clause (45) of section 2 of the Companies Act, 2013 (18 of 2013). . *********** Notes:- 1. Come into the force w.e.f. 18-05-20203 vide Notification No. S.O. 2228(E) dated 18-05-2023