Competition Law Newsletter - Issue 1 - April 2020

REGULATORY/LEGISLATIVE UPDATES

Summary of the Competition (Amendment) Bill, 2020

On 12 February 2020, the Ministry of Corporate Affairs (MCA) published the much-awaited Competition (Amendment) Bill, 2020 (Bill), proposing far reaching amendments to the Indian competition law regime. The Bill follows the Competition Law Review Committee's (CLRC's) recommendations, a high-level committee constituted to suggest amendments to cater to the changes demanded by the ever-dynamic Indian markets.

Set out below are certain salient features that may be of interest:

• Introduction of a Governing Board – Introduction of a "governing board" that will be empowered to pass regulations and exercise supervision over the Competition Commission of India's (CCI's) functioning. This oversight is anticipated to increase judicial discipline and reduce the number of procedural challenges against the CCI's findings;