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ARTICLE · 10 AUGUST 2022

Indian Competition Law Regime To Undergo A Revamp

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On 5 August 2022, the Government of India tabled the Competition (Amendment) Bill, 2022 (Bill), in the lower house of the Indian Parliament.

IndiaAntitrust/Competition Law
Khaitan & Co
Khaitan & Co
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On 5 August 2022, the Government of India tabled the Competition (Amendment) Bill, 2022 (Bill), in the lower house of the Indian Parliament. The Bill seeks to bring about significant substantive and procedural changes to the existing competition law framework, which last underwent a legislative amendment more than a decade back in 2007. Reforms to the Competition Act, 2002 (as amended) (Competition Act) have been in the spotlight since 2019, when the Government of India had constituted the Competition Law Review Committee to recommend modifications to the existing law to bring it in line with global best practices.

Some of the noteworthy changes proposed in the Bill are as follows:

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