Section 53L - Restriction on employment of Chairperson and other Members of Appellate Tribunal in certain cases (Omitted) - Competition Act, 2002

2 [****] **************** NOTES:- 1 . Inserted vide Competition (Amendment) Act, 2007 dated 24-09-2007 2 . Omitted vide Finance Act, 2017 before it was read as, 1 [Restriction on employment of Chairperson and other Members of Appellate Tribunal in certain cases. 53L. The Chairperson and other Members of the Appellate Tribunal shall not, for a period of 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 Appellate Tribunal 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). ]