Constitution of Fund

Q: When did Section 51 of the Competition Act come into force?

Section 51 of the Competition Act, cited as Competition Act 51, came into force on 31 Mar 2003, having been enacted on 13 Jan 2003. It is in force as at the date shown on this page.

In force From 31 Mar 2003 Act 12 of 2003 As on 18 Oct 2026

Act 12 of 2003 Ministry Corporate Affairs Enacted 13 Jan 2003 In force 31 Mar 2003

Section 51 of the Competition Act, 2002 deals with constitution of Fund. There shall be constituted a fund to be called the "Competition Fund" and there shall be credited thereto-- (a) all Government grants received by the Commission; The Act came into force on 31 Mar 2003.

(1) There shall be constituted a fund to be called the "Competition Fund" and there shall be credited thereto--
(a) all Government grants received by the Commission;
¹* * * * *
(c) the fees received under this Act;
(d) the interest accrued on the amounts referred to in ²[clauses (a) and (c).]
(2) The Fund shall be applied for meeting--
(a) the salaries and allowances payable to the Chairperson and other Members and the administrative expenses including the salaries, allowances and pension payable to the Director General, Additional, Joint, Deputy or Assistant Directors General, the Registrar and officers and other employees of the Commission;
(b) the other expenses of the Commission in connection with the discharge of its functions and for the purposes of this Act.
(3) The Fund shall be administered by a committee of such Members of the Commission as may be determined by the Chairperson.
(4) The committee appointed under sub-section (3) shall spend monies out of the Fund for carrying out the objects for which the Fund has been constituted.
Section 51, The Competition Act, 2002 (Act 12 of 2003).

Questions about Section 51

What does Section 51 of the Competition Act deal with?

Section 51 of the Competition Act is headed "Constitution of Fund". There shall be constituted a fund to be called the "Competition Fund" and there shall be credited thereto-- (a) all Government grants received by the Commission;

How do I find court cases under Section 51 of the Competition Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Competition Act 51, section 51 Competition Act, section 51 of the Competition Act. People searching for it also type what is act 51. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

When did Section 51 of the Competition Act come into force?

Section 51 of the Competition Act, cited as Competition Act 51, came into force on 31 Mar 2003, having been enacted on 13 Jan 2003. It is in force as at the date shown on this page.

Other sections of this Act

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2. Definitions1390 words
5. Combination1317 words
6. Regulation of combinations920 words
3. Anti-competitive agreements850 words
26. Procedure for inquiry under section 19788 words

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 18 Oct 2026. This page is not a substitute for legal advice.