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ARTICLE · 24 APRIL 2023

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Competition (Amendment) Bill, 2023: Major Amendments

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On August 05, 2022, the Central Government introduced the Competition (Amendment) Bill, 2022 in Parliament. The 2022 Bill was sent to the Standing Committee on Finance...

IndiaAntitrust/Competition Law
Rupin Chopra
Rupin Chopra
Apalka Bareja
Apalka Bareja
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Introduction

On August 05, 2022, the Central Government introduced the Competition (Amendment) Bill, 2022 in Parliament. The 2022 Bill was sent to the Standing Committee on Finance for review because it proposed amendments in the Competition Act, 2022. Thereafter, the Committee invited comments from various stakeholders and proposed their suggestions in the 2022 Bill. In December 2022, the Standing committee submitted its report and the Bill was re-introduced with few amendments in February 2023. On March 29, 2023, the Lok Sabha passed the Bill. Followed by this, the Rajya Sabha passed the Competition (Amendment) Bill, 2023 on April 03, 2023.

Major Amendments to note about the Competition (Amendment) Bill, 2023

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