Section 43C: Consequences of a declaration under section 43B

43C. Consequences of a declaration under section 43B.--(1) A company 1[,firm] or other person in respect of which or whom a declaration has been made under sub-section (1) of section 43B shall, on the publication of such declaration in pursuance of sub-section (2) of that section, cease to function or to transact business and any transaction with such company 1[,firm] or person, or with any person acting or purporting to act for and on behalf of such company 1[,firm] or person, on or after the publication of the declaration as aforesaid, shall be void. (2) The provisions of sub-section (1) and sections 43D, 43E and 43F shall, as far as may be, apply to a company or undertaking which is an associated undertaking of a company 1[,firm] or person in respect of which or whom a declaration under sub-section (1) of section 43B is made. Explanation.--In this sub-section, "undertaking" and "associated undertaking" have the same meaning as in the monopolies and Restrictive Trade Practices (Control and Prevention) Ordinance, 1970 (V of 1970).

Effective date: 1962-06-07

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