Ten years of enforcement of the Competition Act, 2002 (Act) necessitated a re-look drawing “from past experience and to prepare for future challenges in the enforcement of competition law framework in India.” Recognising this, the Ministry of Corporate Affairs (MCA) set up the Competition Law Review Committee (CLRC) in October 2018. The CLRC was “tasked with the responsibility to review and recommend a robust competition law framework in India” and “suggest changes in both the substantive and procedural aspects of the law.”[1] The CLRC submitted its report to the MCA in August 2019 (CLRC Report). Based on the CLRC Report the MCA has proposed amendments to the Act. The draft Competition (Amendment) Bill, 2020 (Draft Amendment Bill) was released on 20 February 2020 and comments are invited
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The Indian Ministry of Corporate Affairs invites public comments on proposed amendments to the Competition Bill
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