section 54 of the Competition Act, 2002(12 of 2003)

MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 4th July, 2018

S.O. 3250(E).— In exercise of the powers conferred by clause (a) of section 54 of the Competition Act, 2002
(12 of 2003), the Central Government, in public interest, hereby exempts the Vessels Sharing Agreements of Liner
Shipping Industry from the provisions of section 3 of the said Act, for a period of three years from the date of publication
of this notification in the Official Gazette, in respect of carriers of all nationalities operating ships of any nationality from
any Indian port provided that the Central Government may withdraw the said exemption, if any complaint for fixing of
prices, limitation of capacity or sales and allocation of markets or customers comes to its notice.
During the said period of three years, the Director General, Shipping, Ministry of Shipping, Government of
India shall monitor operation of such agreements and submit his report at yearly interval and for which, the persons
responsible for operations of such ships in India shall file copies of existing Vessels Sharing Agreements or Vessels
Sharing Agreements to be entered into with applicability during the said period alongwith other relevant documents as
may be specified by the Director General, Shipping within thirty days of the publication of this notification in the Official
Gazette or within ten days of signing of such agreements, whichever is later, with the Director General, Shipping.

[F. No. 5/20/2011-CS]
K. V. R. MURTY, Jt. Secy.