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ARTICLE · 15 MARCH 2024

Penalty Framework Rejigged, Commitments And Settlements Go Live

Khaitan & Co.
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After the Government of India notified the relevant provisions of the Competition (Amendment) Act, 2023 (Amendment Act) to amend the Competition Act, 2002 (Act), the Competition Commission of India...

IndiaAntitrust/Competition Law
Anisha Chand
Anisha Chand
Pranjal Prateek
Pranjal Prateek
Aman Singh Baroka
Aman Singh Baroka
Armaan Gupta
Armaan Gupta
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Introduction

After the Government of India notified the relevant provisions of the Competition (Amendment) Act, 2023 (Amendment Act) to amend the Competition Act, 2002 (Act), the Competition Commission of India (CCI) published certain much-anticipated regulations on 6 March 2024. These regulations (set out below), finalized after public consultation, (i) prescribe the methodology for turnover / income calculation for imposing penalties; and (ii) govern the framework for parties to offer commitments and settlements:

  1. the Competition Commission of India (Determination of Turnover or Income) Regulations, 2024 (Turnover Regulations);
  2. the Competition Commission of India (Commitment) Regulations, 2024 (Commitment Regulations); and

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