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ARTICLE · 10 MAY 2024

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Introduction Of Settlement & Commitment Mechanism And Penalty Guidelines

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In a key legislative development to the antitrust regime in India, various provisions of the Competition (Amendment) Act, 2023and their implementing regulations have been recently notified...

IndiaAntitrust/Competition Law
Dinoo Muthappa
Dinoo Muthappa
Sonam Mathur
Sonam Mathur

In a key legislative development to the antitrust regime in India, various provisions of the Competition (Amendment) Act, 2023and their implementing regulations have been recently notified:

  1. operationalizing the Settlements and Commitments mechanism; and
  2. empowering the Competition Commission of India ("CCI") to impose significantly higher penalties and introducing detailed Penalty Guidelines for violations of the Competition Act, 2002 (the "Act").

Settlement and Commitments

The new Settlement and Commitments regime introduces a time-bound process, allowing parties to offer commitments and settlements at different stages of an investigation without a formal finding of contravention. The salient features of this regime are as follows:

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