(1) The Central Government may, by notification, make rules to carry out the provisions of this Act.

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(2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely:--

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¹[(a) the value of the assets or turnover of the enterprise acquired, taken control of, merged or amalgamated in India under clause (e) of section 5;

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(ab) the percentage of voting rights higher than twenty-six per cent. under sub-clause (i) of clause (b) of the Explanation to section 5;

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(ac) the criteria of combinations under sub-section (4) of section 6;

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(ad) the criteria under sub-section (7) of section 6;]

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²[ ³[(ae)] the term of the Selection Committee and the manner of selection of panel of names under sub-section (2) of section 9;]

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(b) the form and manner in which and the authorit y before whom the oath of office and of secrecy shall be made and subscribed to under sub-section (3) of section 10;

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(d) the salary and the other terms and conditions of service including travelling expenses, house rent allowance and conveyance facilities, sumptuary allowance and medical facilities to be provided to the Chairperson and other Members under sub-section (1) of section 14;

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⁵[(da) the number of Additional, Joint, Deputy or Assistant Directors General or such officers or other employees in the office of Director General and the manner in which such Additional, Joint, Deputy or Assistant Directors General or such officers or other employees may be appointed under sub- section (1A) of section 16;]

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(e) the salary, allowances and other terms and conditions of service of the Director General, Additional, Joint, Deputy or Assistant Directors General or ⁶[such officers or other employees] under sub-section (3) of section16;

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(f) the qualifications for appointment of the Director General, Additional, Joint, Deputy or Assistant Directors General or ¹⁰[such officers or other employees] under sub-section (4) of section 16;

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(g) the salaries and allowances and other terms and conditions of service of the ⁷[Secretary] and officers and other employees payable, and the number of such officers and employees under sub-section (2) of section17;

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⁸ * * * *

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(k) the form in which the annual statement of accounts shall be prepared under sub-section (1) of section 52;

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(l) the time within which and the form and manner in which the Commission may furnish returns, statements and such particulars as the Central Government may require under sub-section (1) of section 53;

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(m) the form in which and the time within which the annual report shall be prepared under sub-section (2) of section 53;

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⁹[(ma) the form in which an appeal may be filed before the Appellate Tribunal under sub-section (2) of section 53B and the fees payable in respect of such appeal;

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(me) the fee which shall be accompanied with every application made under sub-section (2) of section 53N;

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(mf) the other matters under clause (i) of sub-section (2) of section 53-O in respect of which the Appellate Tribunal shall have powers under the Code of Civil Procedure, 1908 (5 of 1908) while trying a suit;]

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¹¹[(mg) the form of the publication of guidelines under sub-section (5) of section 64B;]

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¹²[(n) the manner in which the monies transferred to the Competition Commission of India or the Appellate Tribunal shall be dealt with by the Commission or the Appellate Tribunal, as the case may be, under the fourth proviso to sub-section (2) of section 66;]

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(o) any other matter which is to be, or may be, prescribed, or in respect of which provision is to be, or may be, made by rules.

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(3) Every notification issued under sub-section (3) of section 20 and section 54 and every rule made under this Act by the Central Government 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 notification or rule, or both Houses agree that the notification should not be issued or rule should not be made, the notification or rule 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 notification or rule, as the case may be.

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¹[9. Selection Committee for Chairperson and Members of Commission.--(1) The Chairperson and other Members of the Commission shall be appointed by the Central Government from a panel of names recommended by a Selection Committee consisting of--

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(a) the Chief Justice of India or his nominee……..Chairperson;

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(b) the Secretary in the Ministry of Corporate Affairs………Member;

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(c) the Secretary in the Ministry of Law and Justice……….Member;

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(d) two experts of repute who have special knowledge of, and professional experience in international trade, economics, business, commerce, law, finance, accountancy, management, industry, ²[technology,] public affairs or competition matters including competition law and policy……….Members.

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(2) The term of the Selection Committee and the manner of selection of panel of names shall be such as may be prescribed.]

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