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ARTICLE · 25 APRIL 2023

Parliament Passes The Competition (Amendment) Bill, 2023

JSA Advocates & Solicitors
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In a significant development, the Indian Parliament has passed the much-awaited Competition Amendment Bill, 2023 ("Bill") on April 3, 2023. The Bill will now be placed before the President of India...

IndiaAntitrust/Competition Law

In a significant development, the Indian Parliament has passed the much-awaited Competition Amendment Bill, 2023 ("Bill") on April 3, 2023. The Bill will now be placed before the President of India for her assent.

The Bill was first introduced in the Lok Sabha on August 5, 2022 and was referred to the Parliamentary Standing Committee on Finance ("PSC Committee"), which issued its report on December 13, 2022. The Bill is largely based on the recommendations made by the Competition Law Review Committee, the PSC Committee as well as the extensive public consultations held with various stakeholders in 2019.

The Bill proposes far-reaching amendments to the Indian competition law and aims to streamline legal provisions and integrate the learnings of the Competition Commission of India ("CCI") over the past 14 (fourteen) years. It is designed to bring the law into sync with international best practices and changing economic reality, not least the growth of new

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