Updated: Friday December 27, 2013/AlJumaa
Safar 24, 1435/Sukravara
Pausa 06, 1935, at 08:01:28 PM
The Monopolies and Restrictive Trade Practices
(Control and Prevention) Ordinance, 1970 (Repealed)
(V OF 1970)
An Ordinance to
provide for measures
against undue concentration of economic power,
growth of unreasonable monopoly power and unreasonably
restrictive trade practices
26th February, 1970
The following Ordinance made by the
President on the 21st February, 1970, is hereby published for general
information:---
Whereas the undue concentration of economic power, growth of
unreasonable monopoly power and unreasonable restrictive trade practices are
injurious to the economic well-being, growth and development of
And whereas it is expedient to provide for measures against such
concentration, growth and practices and for matters connected therewith or
incidental thereto;
And whereas the national interest of
Now, therefore, in pursuance of the Proclamation of the 25th day of
March, 1969, read with the Provisional Constitution Order, and in exercise of
all powers enabling him in that behalf, the President is pleased to make and
promulgate the following Ordinance:---
CHAPTER I
PRELIMINARY
1. Short title, extent and commencement.-(1) This Ordinance may be called the Monopolies and
Restrictive Trade Practices (Control and Prevention) Ordinance, 1970.
(2) It extends to the whole of
(3) It shall come into force on such date as the
[Federal Government] may, by notification in the official Gazette, appoint.
2. Definitions.-
(1) In this Ordinance, unless there is anything repugnant in the subject or
context,”---
(a) “agreement” includes any arrangement or
understanding whether or not in writing and whether or not it is or is intended
to be legally enforceable;
(b) “associated undertakings” means any two or more
undertakings interconnected with each other in the following manner, namely:---
(i) if a person who is the owner or a partner, of
an undertaking or who directly or indirectly holds or controls shares carrying
not less than [Thirty] per cent of the voting power in such undertaking, is
also the owner or a partner, or another undertaking or, directly or
indirectly, holds or controls shares carrying not less than [thirty] per cent.
of the voting power in that undertaking [or];
(ii) if the undertakings are under common management
or common control or one is the subsidiary of another;
(c) “Authority” means the Monopoly Control Authority
constituted under section 8;
(d) “control”, in relation to an undertaking, means
the power to exercise a controlling influence over the management or the
policies of the undertaking, and, in relation to shares, means the power to
exercise a controlling influence over the voting power attached to such shares;
(e) “individual” includes a Hindu undivided family;
(f) “market” in relation to any goods or services,
means the geographic region “in “which competition in the production or sale of
such goods or the provision of such services takes place;
(g) “Monopoly power” means the ability of one or more
sellers in a market to set non-competitive prices or restrict output without
losing a substantial share of the market or to exclude others from any part of
the market;
(h) “price”, in relation to the sale of any goods or
to the provision of any services, includes every valuable consideration,
whether direct or indirect which in effect relates to the sale of any goods or
the provision of any services;---
(i) “Retailer”, in relation to the sale of any goods
means a person who sells the goods to any other person otherwise than for
re-sale.
(j) “service” means provision of hoard, lodging
transport, entertainment or amusement, or of facilities in connection with the
supply of electrical or other energy, purveying of news, banking, insurance or
investment;
(k) “trade” means any business, industry, profession
or occupation relating to the production, supply or distribution of goods or
the control of production, supply or distribution of goods, or to the provision
or control of any service;
(l) “trade practice” means any, act or practice
relating to the carrying on of any trade or business;
(m) “undertaking” means any concern, institution,
establishment or enterprise engaged in the production, supply or distribution
of goods, or in the provision or control of any service;
(n) “unreasonable restrictive trade practice” means a
trade practice which has or may have the effect of unreasonable preventing,
restraining or otherwise lessening competition in any manner;
(o) “value of assets”, in relation to an undertaking,
means the value of assets of the undertaking at cost less depreciation at the
normal rates at which depreciation is calculated for purpose of assessment of
income-tax;
(p) “wholesaler”, in relation to the sale of any
goods, means a person who purchases goods and sells them to any other person
for re-sale; and
(q) “words and expressions” used but not defined in
this Ordinance and defined in the Companies Acct, 1913 (VII of 1913), have the
meanings respectively assigned to them in that Act.
(2) For the purposes of this Ordinance an individual
shall he deemed to own, hold or control a thing if it is owned, held or
controlled by the individual or his spouse, or by a brother or sister of the
individual or by any of the lineal ascendants or descendants of the individual.
CHAPTER II
UNDUE CONCENTRATION OF ECONOMIC POWER, ETC. PROHIBITED
3. Undue concentration of economic power, etc.
prohibited.- There shall be no undue
concentration of economic power, unreasonable monopoly power or unreasonable
restrictive trade practices.
4. Circumstances constituting undue concentration of
economic power. -Under concentration of economic power shall be deemed to
have been brought about, maintained or continued if,---
(a) there is established, run or continued an
undertaking the total value of whose assets is not less than [fifty million] or
such other amount as the Authority may by rule prescribe, and which is,---
(i) not owned by a public company, or
(ii) is owned by a public company in which any
individual holds or controls shares carrying not less than fifty per cent., or such
other percentage as the Authority may by rule prescribe, of the voting power in
the. undertaking;
(b) there are any dealings between associated
undertakings which have or are likely to have the effect of unfairly benefiting
the owners or shareholders of one such undertaking to the prejudice of the
owners or shareholders of any other of its associated undertakings.
5. Circumstances constituting unreasonable monopoly
power.- (1) Unreasonable monopoly power shall be deemed to have been
brought about, maintained and continued if,---
(a) there has been created or maintained any such
relationship between two or more undertakings as makes them associated
undertakings where they are competitors in the same market and together
produce, supply, distribute or provide not less than [one-third] of the total
goods or services in such market;
(b) there has been any acquisition by one person or
undertaking of the stock or assets of any other person or undertaking, or any
merger of undertakings, where the effect of the acquisition or merger is likely
to create monopoly power or to substantially lessen competition in any market,
including any acquisition which creates any such relationship as is referred to
in clause(a);
(c) any loan is granted by a hank or insurance company
to any of the associated undertakings of amounts greater or on terms more
favorable than for loans made available to other undertakings in comparable
situations, or any loan is granted by a bank or insurance company to a person
undertaking not associated with it on the condition or understanding that the
borrower or any of its associated undertakings will make any loan to a person
or undertaking associated with the lender.
(2) No such relationship, acquisition, merger or loan
as is referred to in subsection (1) shall be deemed to have the effect of
bringing about, maintaining or continuing unreasonable monopoly lower if it is
shown:---
(a) that it contributes substantially to the efficiency
of the production or distribution of goods or of the provision of services or
to the promotion of technical progress or export of goods;
(b) that such efficiency or promotion could mot
reasonable have been achieved by means less restrictive of competition; and
(c) that the benefits of such efficiency or promotion
clearly outweigh the adverse effect of the absence or lessening of competition.
6. Unreasonably restrictive trade practices.- (1)
Unreasonably restrictive trade practices shall he deemed to have been resorted
to or continued if there is any agreement,---
(a) between actual or potential competitors for the
purpose or having the effect of:---
(i) fixing the purchase or selling prices or imposing
any other restrictive trading conditions with regard to the sale or
distribution of any goods or the provision of any services;
(ii) dividing or sharing of markets for any goods or
services;
(iii) limiting the quantity or the means of
production, distribution or sale with regard to any goods or the manner or
means of providing any services;
(iv) limiting technical development or investment with
regard to the production, distribution or sale of any goods or the provision of
services;
(v) excluding by means of boycott any other person or
undertaking from the production, distribution or sale of any goods or the
provision of any services;
(b) between a supplier and a dealer of goods fixing
minimum resale prices, including:---
(i) an agreement with a condition for the sale of
goods by a supplier to a dealer which purports to establish or provide for the
minimum prices to he charged on the resale of the goods in
(ii) an agreement which requires as a condition of
supplying goods to a dealer to the making of any such agreement;
(c) which subjects the making of any agreement to the
acceptance by suppliers or buyers of additional goods or services which are not
by their nature or by the custom of the trade, related to the subject-matter of
such agreement.
(2) No such agreement as is referred to in sub-section
(1) shall he deemed to constitute an unreasonably restrictive trade practice if
it is shown,---
(a) that it contributes; substantially to the
efficiency of the production or distribution of goods or of the provision of
services or to the promotion of technical progress or export of goods;
(b) that .such efficiency or promotion could not
reasonably have been achieved by means less restrictive of competition; and
(c) that the benefits from such efficiency or
promotion clearly outweigh the adverse effect of the absence or lessening of
competition.
7. Other circumstance constituting concentration of
economic power, etc.- (1) Without prejudice to the provisions of sections
4, 5 and 6, the Authority may by General Order prescribed the circumstances in
which and the condition under which undue concentration of economic power or
unreasonable monopoly power shall be deemed to exist and the practice which
shall he deemed to he unreasonably restrictive trade practice.
(2) Where the Authority is of opinion that. the making
of a General Order under subsection (1) may he in the public interest, it shall
conduct an inquiry affording the persons or undertakings likely to be affected
by such order such opportunity of being heard and of placing before it relevant
facts and material as it may deem fit.
(3) Before making any Genera) Order under subsection
(1), the Authority shall,---
(a) publish in the official Gazette and in such other
manner as in its opinion will bring it to the notice of all persons and
undertakings likely to he affected thereby a draft of the proposed General
Order together with a notice inviting suggestions or objections to he submitted
before a date specified therein;
(b) consider any objection or suggestion which may he
received by it from any person or undertaking with respect to the draft; and
(c) where it deems appropriate, afford an opportunity
to any such person or undertaking of being heard and of placing before it facts
and material in support of the objection or suggestion.
CHAPTER III
MONOPOLY CONTROL AUTHORITY
8. Constitution of Authority.- (a) For the purpose of this Ordinance the [Federal
Government] shall by notification in the official Gazette, constitute a
monopoly Control Authority consisting of not less than three members appointed
by it one of whom shall be appointed to be the Chairman.
(2) No person shall be appointed as, or continue to
be, a member of the Authority if he has or acquires any such financial or other
interest as is likely to affect prejudicially his functions as such member.
(3) No member of the Authority shall assume his office
until he has made such declaration affirming secrecy and fidelity as may he
prescribed.
(4) A member of the Authority shall hold office for a
period of five years unless he earlier resigns or otherwise ceases to hold
office [or being a person in the service of
(5) A casual vacancy in the office of a member caused
by death, resignation or otherwise shall be filed for the remainder of the term
of such member by the appointment of another person.
(6) No act or proceeding of the Authority shall be
invalid by reason only of [the absence of a member or] the existence of any
vacancy among its members or any defect in its constitution.
(7) The Authority may from time to time delegate all
or any of its powers and function to any two its members].
9. Appointment of officers by the Authority. - The
Authority may appoint such officers and servants on such terms and conditions
as it may determine.
CHAPTER IV
FUNCTIONS AND POWERS OF THE AUTHORITY
10. Functions of the Authority.-- The functions of the Authority shall be,---
(a) to register undertakings, individuals and
agreements;
(b) to conduct enquiries into the general economic conditions
of the country with particular reference to the concentration of economic power
and the existence or growth of monopoly power and restrictive trade practices;
(c) to conduct such enquiry into the affairs of any
undertaking or individual as may be necessary for the purposes of this
Ordinance;
(d) to give advice to persons or undertaking asking
for the same as to whether any actions proposed to he taken by such person or
undertaking are consistent with the provisions of this Ordinance, or any rules
or orders made thereunder;
(e) to make recommendations to the [Federal
Government] or a Provincial Government or to the appropriate authority or
officer of such Government for suitable. Governmental actions to prevent or
eliminate undue concentration restrictive trade practices; and
(f) to make such orders and to do all such things as
are necessary for carrying out the purposes of this Ordinance.
11. Proceedings in case of contravention of section 3.-
(1) Where the Authority is satisfied that there has been or is likely to he a
contravention of the provisions of section 3 and that action is necessary in
the public interest, it may make one or more of such orders specified in
section 12 as it may deem appropriate.
(2) Before making an order under subsection (1), the
Authority shall,---
(a) give notice of its intention to make such order
stating the reasons therefor to such persons or undertakings as may appear to
it to he concerned in the contravention to show cause on or before a date
specified therein as to why such order shall not he made; and
(b) give the persons or undertakings an opportunity of
being heard and of placing before it facts and material in support of their
contention.
(3) An order made under subsection (1) shall have
effect notwithstanding anything contained in any other law for the time being
in force or in any contract or memorandum or articles of association.
12. Order of the authority.- (1) An order of the
Authority under section 11 may,---
(a) in the case of undue concentration of economic
power,---
(i) require the firms or companies concerned, not
being public limited companies, to he concerted, within such time and in such
manner as may he specified in the order, into public limited companies;
(ii) require the controlling share holders of the
public limited companies concerned to otter such part of the stocks and shares
held by them within such time and in such manner as may be specified in the
order to the general public, including the National Investment Trust and an
investment institution established or controlled by Government;
(iii) prescribe the circumstances in which and the
conditions on which the associated undertakings concerned may deal with each
other,
(b) in the case of unreasonable monopoly power,---
(i) require the person or undertaking concerned to
divest himself of the ownership of any stock or shares or other beneficial interest
in any undertaking or of any assets within such time and under such conditions
as may be specified in the order;
(ii) require the person concerned to divest himself of
any position held by him as officer, director or partner in any undertaking
with such time and under .such conditions as may he specified in the order;
(iii) required the person or undertaking concerned to
divest himself or itself of the management or control of any undertaking within
such time and under such conditions as may he specified in the order:
(iv) prohibit the person or undertaking concerned from
acquiring the stock or assets of. or the undertaking from merging with, any
other undertaking;
(v) limit the total loans which may he made by any
hank or insurance company to any single individual or undertaking, or to any
undertaking associated with such hank or insurance company;
(vi) limit the investments of any undertaking engaged
in the banking, investment or insurance business;
(vii) require the person or undertaking concerned to take
such actions specified in the order as may he necessary to restore competitive
prices and eliminate restrictions on output or entry of competitors in the
market;
(c) in the case of unreasonable restrictive trade
practices,---
(i) require the person or undertaking concerned to
discontinue or not to repeat any restrictive trade practice and to terminate or
modify any agreement relating thereto in such manner as may he specified in the
order;
(ii) require the person or undertaking concerned to
take such action specified in the order as may be necessary to restore
competition in the production, distribution or sale of any goods or provision
of any services.
[Explanations In the case of unreasonably restrictive
trade practices, where any party to any such practice does not carry on
business in Pakistan, the order of the Authority shall he with respect to that
part of such practice as it carries on in Pakistan.”]
(2) An order referred to sub-clause (ii) of clause (a)
of subsection (1) or sub-clause(i) of clause (b) of that subsection shall not
be so made as to require the offer of the stocks or shares at a price below
their face value or at a price below the aggregate of such value and fifty
percent of the difference between such value and the net worth of the stocks or
shares as may he determined in accordance in accordance with the rules made in
this behalf, whichever is greater.
[(3) Where any stocks or shares have been offered in
pursuance of an order referred to subsection (2) and have not been actually subscribed,
no fresh order of such nature shall he made in respect of the same person or
undertaking within a period of three years from the date of such order.]
13. Power to issue interim order.- (1) Where, during
the course of any proceeding under section 11, the Authority is of opinion that
issue of a final order in the proceeding is likely to take time and that, in
the situation that exists or is likely to emerge, an interim order is necessary
in the public interest, it may, after giving the persons or undertakings
concerned an opportunity of being heard, by order, direct such persons or
undertakings to do or refrain from doing or continuing to do any act or thing
specified in the order.
(2) An order under subsection (1) may, at any time, by
modified or cancelled by the Authority and, unless so cancelled, shall remain
in force for such period as may he specified therein but not beyond the date of
the final order made under section 11
14. Special enquiry.- (1) The Authority may, on its own, and shall upon
a reference made to it by the [Federal Government], conduct special enquiries
into any matter relevant to the purposes of this Ordinance.
(2) Where the Authority receives from not less than
twenty-live poisons a complaint in writing of such facts as constitute a
contravention of the provisions of section 3, it shall, unless it is of opinion
that the application is frivolous or vexatious or based on insufficient facts,
conduct a-”special enquiry into the matter to which the complaint relates.
(3) If upon the conclusion of a special inquiry under
subsection (1) or subsection (2), the Authority is of opining that the findings
are such that it is necessary in the public interest so to do, it shall
initiate proceedings under section 11.
15. Powers of the Authority in relation to a proceeding
or enquiry.- (1) The Authority shall, for the purposes of a proceeding or
enquiry under this Ordinance, have the same powers as are vested in the Civil
Court under the Code of Civil Procedure, 1908 (Act V of 1908), while trying a
suit, in respect of the following matters, namely,---
(a) the summoning and enforcing the attendance of any
witness and examining him on oath;
(b) the discovery and production of any document or
other material object producible as evidence;
(c) the reception of evidence on affidavits;
(d) the requisitioning of any public record from any
Court or office;
(e) the issuing of commissions for the examination of
witnesses and documents.
(2) Any proceeding before the Authority shall be
deemed to be a Judicial proceeding within the meaning of sections 193 and 228
of the Pakistan Penal Code (Act XLV of 1960), and the Authority shall be deemed
to be a Civil Court for the purposes of section 195 and Chapter XXXV of the
Code of Criminal Procedure 1898 (Act V of 1898).
(3) The Authority may, for the purposes of a
proceeding or enquiry under this Ordinance, require any person,---
(a) to produce before, and to allow to he examined and
kept by, as officer of the Authority specified in this behalf, any books,
accounts, or other documents in the custody or under the control of the person
so required, being documents relating to any matter the examination of which
may he necessary for the purposes of this Ordinance; and
(b) to furnish to an officer so specified such
information in his possession relating to any matter as may be necessary for
the purposes of this Ordinance.
CHAPTER V
REGISTRATION
16. Registration.- (1) In order that information relevant to the performance of its
functions under this Ordinance is available to the Authority the following
undertakings, individuals and agreements shall be registered with the Authority
in such manner as may he prescribed by rules, namely:---
(a) An undertaking which, during the next preceding
calendar year produced, distributed, sold or provide not less than one-third of
the total production or supply of any goods or services.
(b) Associated undertakings engaged in the same line
of business, which during the next preceding calendar year produced,
distributed, sold or provided not less than [one-third] or the total production
or supply of any goods or services.
(c) An undertaking which during the next preceding
calendar year, by itself or together with its associated undertaking, both
produced and distributed by wholesale or by retail or by both not less than
twenty per cent. of the total production and supply of any goods in any
Province.
(d) An undertaking which is not owned by a public
company and the total value of the assets of which is not less than [fifty
million rupees].
(e) An undertaking which, by agreement otherwise,
establishes minimum resale prices for retailers or wholesalers with regard to
goods which it produces or distributes.
(f) An undertaking which, by itself or together with
its associated undertaking, is the sole distributor of supplier more than
one undertakings of any goods or services.
(g) A hank, investment company or insurance company
which, in relation to any other undertaking, is an associated undertaking.
(h) An individual who holds or controls, whether
directly or indirectly, shares carrying not less than fifty per cent. of the
voting power in [undertakings] owned by a public company the total value of the
assets of which is not less than [fifty million] rupees.
(i) An agreement for any such acquisition or merger as
is referred to in clause (h) of subsection (I) of section 5.
(j) An agreement of the nature referred to in
subsection (1) of section 6.
(k) An agreement for the distribution or sale of any
goods which directly or indirectly,---
(i) limits the areas in which, or the persons to whom,
the product may be re-sold;
(ii) prohibits or restricts the distribution or sale
of other goods by the distributor;
(iii) limits the persons through whom the distributor
may distribute or sell such goods.
(l) Any licence of patents of technology which limits
the freedom of the licenses to use such patents or technology in the
manufacture of any goods or to sell the goods produced under such licence at
such prices, in such areas, to such persons and for such uses as the licensee
may choose, or which limits the freedom of the licensor to grant additional
licences to such persons and on such terms as he may choose.
(m) Such other persons, undertakings, agreements or
franchise as the Authority may by rule prescribe.
Explanation:-
For the purposes of clauses (a), (b) and (c), the percentage of any goods
produced, distributed or sold or of any services provided shall be computed on
the basis of the monthly statistical bulletin of the [Federal] Statistical
Office of the [Federal Government] or on such other basis as the Authority may
by rule prescribe.
(2) An application for registration under subsection
(1) shall be made in the form of a memorandum which shall,---
(a) in the case of an undertaking, set out the value
of its assets, the volume of each of the goods or services sold or provided by
it, and the full particulars of the facts by reason of which it is subject to
registration;
(b) in the case of an individual, set out a statement
of the extent and nature of his control over an undertaking or its shares, by reasons
of which he is subject to registration;
(c) in the case of an agreement, set out the names and
addresses of the persons who are parties to the agreement and be accompanied by
a true copy of the agreement or, if the agreement is not in writing, by the
full particulars of the agreement.
(3) An application for registration shall be made,---
(a) in the case of an undertaking, by the person who
is for the time being responsible for the conduct of the office of the
undertaking;
(b) in the case of an individual, by such individual;
and
(c) in the case of an agreement, by all the parties
thereto.
Explanation.-
The provisions of this subsection shall be deemed to have been complied with if
the application is made,---
(a) in the case of an undertaking, by the person for
the time being responsible for the conduct of the affairs of any one of its
associated undertakings;
(b) in the case of an individual other than a Hindu
undivided family, by any one of his relations referred to in subsection (2) of
section 2;
(c) in the case of a Hindu undivided family, by any
member of the family; and
(d) in the case of an agreement by any one of the
parties thereto.
(4) If at any time there is any variation in the
relevant facts relating to an undertaking, individual or agreement with
reference to which am application for registration was made or registration was
effected, particulars of such variation shall, within thirty days of the
variation, be reported to the Authority by the person referred to in subsection
(3).
17. Registers to be kept.- (1) The Authority shall
keep and maintain in such form as may be prescribed by rules separate registers
for the registration of undertakings, individuals and agreements subject to
registration under this Ordinance.
(2) The Authority shall register an undertaking,
individual or agreement by entering in the register such particulars relating
thereto as may be prescribed by rules.
(3) The Authority shall enter in the register any
variation in the facts relating to an undertaking, individual or agreement
reported to it.
(4) A register shall be open to public inspection at
such time and on payment of such fees as may be prescribed by rules, except
:that the Authority may, upon application by the person or undertaking
concerned, provide for the confidential treatment of trade secrets.
18. Cancellation of registration.- Where an undertaking, individual or
agreement registered under section 16 has, by reason of a change in the facts,
with reference to which the registration was effected, ceased to be subject to
registration under this Ordinance and the fact is reported to the Authority
shall if it is satisfied upon such inquiry as it may think fit that the
undertaking, individual or agreement has so ceased, cancel the registration.
CHAPTER VI
PENALTIES AND APPEALS
19. Penalty.-
(1) The Authority may, by order, direct any person or undertaking to pay to the
[Federal Government] by way of penalty such sum not exceeding one lakh of
rupees as may be specified in the order it, after giving the person or
undertaking concerned an opportunity of being heard, it determines that such
person or undertaking,---
(a) has tailed to comply with any order of the
Authority made under this Ordinance, or has willfully tailed to register as
required by the provisions of this Ordinance, or
(b) has furnished any information or made any
statement to the Authority which he knows or has reason to believe to he false
in material particular.
(2) It any such failure as is referred to in clause
(a) of that subsection is a continuing one, the Authority may in the manner
provided for in subsection (1) also direct that the person or undertaking
guilty of such failure shall pay by way of penalty to the [Federal Government]
a further sum which may extend to ten thousand rupees for every day after the
first.
(3) A penalty imposed under subsection (1) or
subsection (2) shall he recoverable as an arrears of land revenue.
20. Appeal to the High Court.- Any person aggrieved
by an order of the Authority under section 11 or section I9 may, within sixty
days of the receipt of such order, appeal against it to the High Court on any
of the following grounds, namely,---
(a) that the order is contrary to law or to some usage
having the force of law;
(b) that the order has failed to determine some
material issue of law or usage having the force of law;
(c) that there has been a substantial error or detect
in following the procedure provided in this Ordinance which may possibly have
produced error a detect in the order upon the merits.
21. Power to call for information relating to undertakings.-
Notwithstanding any thing contained in any other law for the time being in
force, the Authority may, by general or special order, call upon any person for
the time being responsible for the conduct of the affairs of an undertaking to
furnish periodically or as and when required any information concerning the
activities of the undertaking, including information relating to its
organization, business, trade practices, management and connection with any
ether undertaking which the Authority may consider necessary or use fur for the
purposes of this Ordinance.
22. Compensation not payable.- No person shall he
entitled to or be paid any compensation or damages for any loss or injury
suffered by him on account of the termination of any agreement or employment or
the divestment of any share or properly in pursuance of any order made under
this Ordinance.
23. Indemnity:-- No suit. Prosecution or other legal
proceeding shall lie against the Authority or any officer or servant of the
Authority for anything in good faith done or intended to be done under this
Ordinance or any rule or order made thereunder.
24. Power to make rule.- The Authority may make and publish rules
regarding procedures, fees and all other matters for carrying out the purposes
of this Ordinance.
25. Ordinance not to apply to certain undertaking.-This
Ordinance shall not, unless the [Federal Government] by notification in the
official Gazette otherwise directs, apply;
(a) to an undertaking which is owned by the [Federal
Government] or a Provincial Government, or
(b) to an undertaking which is owned by a body
corporate established by the Government by law or whose Chief Executive is
appointed by or with the approval of the [Federal Government] or by a
Provincial Government; or
(c) to anything done by any person or undertaking in
pursuance of any order of the [Federal Government] or a Provincial Government,
or
(d) to anything done by a Trade Union or its members
for carrying out its purposes.
The Monopoly Control Authority
Rules, 1971
The Monopoly Control Authority
(Net Worth of Stocks and Shares) Rules, 1977
The Monopoly Control Authority (Value of Assets) Rules, 1991
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