Circular CCI/CIR/2014/246 of the Competition Commission of India dated 7th February, 2014 on the practice as a company secretary [C15-6NK]

CCI/CIR/2014/246

Competition Commission of India

New Delhi, dated the 7th February, 2014

CIRCULAR

To

All Regional Directors,

Subject: The practice as a company secretary by companies secretary in practice under the Competition Act, 2003, regarding.

In exercise of the powers conferred by section 9 of the Competition Act, 2003 (12 of 2003), the Competition Commission of India hereby issues the following

1. References have been received seeking clarification on the manner in which section 9 applies to the practice as a company secretary by companies secretary in practice.

2. The matter has been examined. Every company secretary in practice carrying on the practice as a company secretary shall make an application in Form ADT-1 to the Serious Fraud Investigation Office within one hundred and eighty days, accompanied by a fee of twenty-five thousand rupees.

3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the practice as a company secretary is undertaken, and the Serious Fraud Investigation Office shall dispose of it within one hundred and eighty days of its receipt.

4. Difficulties, if any, in the implementation of this circular may be brought to the notice of the Competition Commission of India.

(Chief General Manager)