Changes To The Merger Control Regime In India - Competition Law Update

Introduction

Recently the Indian Parliament approved the Competition (Amendment) Bill, 2022 ("Bill") which introduces significant changes to the Competition Act, 2002 ("Act"). The Bill, inter alia, introduces changes to the merger control regime, seeks to broaden the scope of anti-competitive agreements and introduces a settlement and commitment framework to reduce litigation.

The key changes in the merger control regime and their impact are discussed in this paper. The topics discussed are as follows:

• Approval of the Competition Commission of India (CCI) would be required not only on the basis of the assets and turnover of the entity, but also on the basis of the transaction value