Section 43: Competition Appellate Tribunal

43. Competition Appellate Tribunal.__ (1) As soon as may be within thirty days of he commencement of this Act, the Federal Government shall constitute the Competition Appellate Tribunal which shall consist of a Chairperson who shall be a person who has been a judge of the Supreme Court or is a retired Chief Justice of a High Court and two technical members who shall be persons of ability, integrity and have special knowledge and profes sional experience of not less than ten years in international trade, economics, law, finance and accountancy. (2) The Chairperson and members shall hold office for a period of three years and shall be eligible for reappointment for a similar term and shal l cease to hold office on attaining the age of sixty-eight years or the expiry of the term whichever is earlier. (3) The Chairperson and the mem bers shall be entitled to such sala ry and other terms and conditions of service as the Federal Government may b y rules prescribe. (4) The Competition Appellate Tribunal may, in consultation with the Federal Government, make rules governing procedure in pr oceedings before the Tribunal. (5) The Competition Appellate Tribunal shall decide an appeal expeditiously wit hin six months of its presentation to the Tribunal.

Effective date: 2010-01-01

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