Section 21 - Amendment of section 29 - Competition (Amendment) Act, 2023

Amendment of section 29. 21 . In section 29 of the principal Act, (a) in sub-section (1), for the words within thirty days , the words within fifteen days shall be substituted; (b) after sub-section (1A), the following sub-section shall be inserted, namely: (1B) The Commission shall, within thirty days of receipt of notice under sub-section (2) of section 6, form its prima facie opinion referred to in sub-section (1). ; (c) in sub-section (2), (i) for the words within seven working days , the words within seven days shall be substituted; (ii) for the words within ten working days , the words within seven days shall be substituted; (d) in sub-section (3), for the words within fifteen working days , the words within ten days shall be substituted; (e) in sub-section (4), for the words within fifteen working days , the words within seven days shall be substituted; (f) in sub-section (5), for the words within fifteen days , the words within ten days shall be substituted; (g) for sub-section (6), the following sub-sections shall be substituted, namely: (6) After receipt of all information, the Commission shall proceed to deal with the case in accordance with the provisions contained in section 29A or section 31, as the case may be. (7) Notwithstanding anything contained in this section, the Commission may accept appropriate modifications offered by the parties to the combination or suo motu propose modifications, as the case may be, before forming a prima facie opinion under sub-section (1). . **************** NOTES:- 1. Shall come into force w.e.f. 10th day of September, 2024 vide Notification No. S.O. 3846(E) dated 09-09-2024