Extension of exemption validity under Competition Act increases notification period by substituting five years with ten years. The Central Government, exercising powers under clause (a) of section 54 of the Competition Act, amended the Ministry of Corporate Affairs notification S.O. 2039(E) dated 29 June 2017 by substituting the words 'five years' with 'ten years' to extend the temporal validity of the exemption, the amendment being declared in the public interest.
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Provisions expressly mentioned in the judgment/order text.
Extension of exemption validity under Competition Act increases notification period by substituting five years with ten years.
The Central Government, exercising powers under clause (a) of section 54 of the Competition Act, amended the Ministry of Corporate Affairs notification S.O. 2039(E) dated 29 June 2017 by substituting the words "five years" with "ten years" to extend the temporal validity of the exemption, the amendment being declared in the public interest.
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