With a view to update the Competition Act, 2002 (Act) and associated regulations, the Indian Government constituted the Competition Law Review Committee (Committee) in October 2018.  The Committee submitted its report (Report) to the Government on 14 August 2019.  Based on the recommendations made in the Report, the MCA has introduced a draft Competition (Amendment) Bill, 2020 (Draft Bill) to overhaul the Act. The notification of the Government  invites comments from the public on the Draft Bill until 6 March 2020. The Draft Bill proposes certain significant amendments to the Act, including: (a) imprisonment for non-compliance with directions of the Director General (DG); (b) commitment and settlement procedure in non-cartel cases; (c) more expeditious combination review
The Indian Government introduces draft bill to overhaul the Competition Act and invites public to comment
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