Competition Act, 2002 : Restriction on employment of Chairperson and other Members in certaincases.

Competition Act, 2002,2003

Act No : 12

Section : Restriction on employment of Chairperson and other Members in certaincases.

12. Restriction on employment of Chairperson and other Members in certain cases.-The Chairperson and other Members shall not, for a period of one year from the date on which they cease to hold office, accept any employment in, or connected with the manag ment 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 ct or a Government company as defined in section 617 of the Companies Act, 1956 (1 of 1956).