Amendment of section 31

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..... tion (1), the following proviso shall be inserted, namely: Provided that if the Commission does not form a prima facie opinion as provided under sub-section (1B) of section 29, the combination shall be deemed to have been approved and no separate order shall be required to be passed. ; (d) for sub-sections (3), (4), (5) and (6), the following sub-sections shall be substituted, namely: .....

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..... ion within such period as may be specified by the Commission under sub-section (4); or (c) the Commission is of the opinion that the combination has, or is likely to have, an appreciable adverse effect on competition which cannot be eliminated by suitable modification to such combination, then, without prejudice to any penalty which may be imposed or any prosecution which may be initiated un .....

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