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ARTICLE · 18 APRIL 2023

Indian Competition Amendment Bill Receives Presidential Assent

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The (Indian) Competition Act, 2002 (Act), was enforced in a staggered manner between 2009 and 2011.

IndiaAntitrust/Competition Law
Khaitan & Co Competition/Antitrust Team
Khaitan & Co Competition/Antitrust Team
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Background

The (Indian) Competition Act, 2002 (Act), was enforced in a staggered manner between 2009 and 2011. Ever since, while the subordinate regulations were amended from time to time, the Act itself remained unamended.

In 2019, on the tenth anniversary of the enforcement of the Act, a process of review was initiated, following the report of the Competition Law Review Committee. After an enduring four-year long period of deliberation, the Competition (Amendment) Bill, 2023 (CAB23) has now received assent from the President of India after it was cleared by the Indian Parliament in the last few weeks.

A few significant events preceding the passing of the CAB23 are outlined below.

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