The Competition Act, 2002
64. Power to make
regulations.-
1.
The
Commission may, by notification, make regulations consistent with this Act and
the rules made there under to carry out the purposes of this Act.
2.
In
particular, and without prejudice to the generality of the foregoing
provisions, such regulations may provide for all or any of the following
matters, namely:-
a. the cost of
production to be determined under clause (b) of the Explanation to section 4;
b. the form of notice as
may be specified and the fee which may be determined under sub-section (2) of
section 6;
c. the form in which
details of the acquisition shall be filed under sub-section (5) of section 6;
d. the fee which may be
determined under clause (a) of sub-section (1) of section 19;
e. any other matter in
respect of which provision is to be, or may be, made by regulations.
1.
2.
3.
Every
regulation made under this Act shall be laid, as soon as may be after it is
made, before each House of Parliament, while it is in session, for a total
period of thirty days which may be comprised in one session or in two or more
successive sessions, and if, before the expiry of the session immediately
following the session or the successive sessions aforesaid, both Houses agree
in making any modification in the regulation, or both Houses agree that the
regulation should not be made, the regulation shall thereafter have effect only
in such modified form or be of no effect, as the case may be; so, however, that
any such modification or annulment shall be without prejudice to the validity
of anything previously done under that regulation.