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ARTICLE · 15 FEBRUARY 2023

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Competition Amendment Bill, 2023: More Than Just A Facelift Of The 2022 Bill

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On 8 February 2023, the Ministry of Corporate Affairs, Government of India (MCA), proposed amendments to the Competition (Amendment) Bill, 2022 (CAB22), which was tabled in the Indian...

IndiaAntitrust/Competition Law
Khaitan & Co
Khaitan & Co
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On 8 February 2023, the Ministry of Corporate Affairs, Government of India (MCA), proposed amendments to the Competition (Amendment) Bill, 2022 (CAB22), which was tabled in the Indian Parliament in August 2022 to bring progressive improvements to the Competition Act, 2002 (Competition Act). The key features of CAB22 are discussed here. CAB22 was referred to the Joint Parliamentary Standing Committee on Finance (Standing Committee) which carried out detailed consultation with various stakeholders and suggested amendments (discussed here).

Upon consideration of the recommendations of the Standing Committee, the MCA has now brought additional amendments to CAB22 to bring out Competition (Amendment) Bill, 2023 (CAB23). CAB23 is slated for discussion in the ongoing Budget Session of the Indian Parliament.

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