Competition (Amendment) Ordinance, 2009 - 6 of 2009 - Competition Law

Competition (Amendment) Ordinance, 2009 Dated 14-10-2009 . [6 of 2009] Promulgated by the President in the Sixtieth Year of the Republic of India. A Ordinance further to amend the Competition Act, 2002. Whereas Parliament is not in session and the President is satisfied that circumstances exist which render it necessary for her to take immediate action; Now, therefore, in exercise of the powers conferred by clause (1) of article 123 of the Constitution, the President is pleased to promulgate the following Ordinance: Short title and commencement . (1) This Ordinance may be called the Competition ( Amendment) Ordinance, 2009. (2) It shall come into force at once. Amendment of section 66 of Act 12 of 2003. In section 66 of the Competition Act, 2002, (a) in sub-section (1), the proviso and the Explanation thereto shall be omitted; (b) in sub-section (3), for the words, brackets and figure after the expiry of two years referred to in the proviso to sub-section (1) , the words, brackets and figures on the commencement of the Competition (Amendment) Ordinance, 2009 shall be substituted; (c) in sub-section (4), for the words, brackets and figure on or before the expiry of two years referred to in the proviso to sub-section (1) , the words, brackets and figures immediately before the commencement of the Competition (Amendment) Ordinance, 2009, shall, on such commencement shall be substituted; (d) in sub-section (5), for the words, brackets and figure after the expiry of two years referred to in the proviso to sub-section (1) , the words, brackets and figures on the commencement of the Competition (Amendment) Ordinance, 2009 shall be substituted.