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Introduction:
The Competition (Amendment) Bill, 2019 aims to bring about structural changes in the governing framework of the Competition Commission of India (CCI). It also proposes to structure and expand CCI’s activities by setting up regional offices across India. The Ministry of Corporate Affairs (MCA) has put the draft Competition (Amendment) Bill, 2020, in the public domain to seek feedback. The Draft Bill proposes certain significant amendments to the Act, including: imprisonment for non-compliance with directions of the Director General; commitment and settlement procedure in non-cartel cases; more expeditious combination review process; and constitution of a Governing Board for non-adjudicatory functions.
Body:
Major amendments in the competition bill 2019:
Benefits of amendments:
Conclusion:
The Bill is a positive step in the direction of an efficient CCI 2.0. While there are somethings which remain desired, one can hope that the consultation process leads to beneficial outcomes and most concerns raised by the stakeholders are appropriately addressed.
By: DATTA DINKAR CHAVAN ProfileResourcesReport error
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