Section 12 – The Competition Act, 2002

Restriction on employment of Chairperson and other Members in certain cases.

The Chairperson and other Members shall not, for a period of 1[two years] from the date on which they cease to hold office, accept any employment in, or connected with the management or administration of, any enterprise which has been a party to a proceeding before the Commission under this Act:

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 section 617 of the Companies Act, 1956 (1 of 1956).

 

Amendment

1. Subs. by Act 39 of 2007, s. 9, for “one year” (w.e.f.12-10-2007).

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