MCA sets up Review Committee to bring about changes to the Competition Act, 2002
In an initiative to review the Competition Act / Rules / Regulations in view of changing business environment, and bring necessary changes, if required, the Ministry of Corporate Affairs (“MCA”) has constituted a Competition Law Review Committee (Committee) to review the Competition Act / Rules / Regulations and bring in necessary changes, if required.
The updated version of the Competition Act, 2002 is available on the website www.cci.gov.in (Legislation Corner).
Stakeholders may furnish their comments and suggestions through e-mail only at firstname.lastname@example.org by 7th December, 2018.
The Committee will also look into international best practices in the competition fields, especially anti-trust laws, merger guidelines and handling cross border competition issues. It will also study other regulatory regimes/ institutional mechanisms/ government policies which overlap with the Competition Act.
Source: Ministry of Corporate Affairs