1 12. Restriction on employment of Chairperson and other Members in certain cases.--
The Chairperson and other Members shall not, for a period of 2[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 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 Act or a Government company as defined in section 617 of the Companies Act, 1956 (1 of 1956).
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1. Effective from 19.06.2003 by Notification No. SO 715(E) Dated 19.06.2003.
2. Substituted by the Competition (Amendment) Act 2007 [Act No. 39 of 2007] for the words "one year", w.e.f. 12.10.2007.