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ARTICLE · 28 FEBRUARY 2013

Revisiting The Competition Act, 2002- Introduction Of The New Competition (Amendment) Bill, 2012

Nishith Desai Associates
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The Central Government on December 10, 2012 moved a Competition Bill in the Lok Sabha to amend the Competition Act, 2002.

IndiaAntitrust/Competition Law
Payel Chatterjee
Payel Chatterjee
Shashank Gautam
Shashank Gautam
Simone Reis
Simone Reis
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The Central Government on December 10, 2012 moved a Competition (Amendment) Bill ("Bill") in the Lok Sabha to amend the Competition Act, 2002 ("Act"). The Bill has to be passed by both houses of Parliament before it comes into force. The Union Cabinet had approved the Bill in October, 2012.1 The proposal to amend the Act was moved by the Ministry of Corporate Affairs ("Ministry"), with a view to fine tune the provisions of the Act and to meet the present day needs in the field of competition, in light of the experiences gained in the actual working of the Competition Commission of India ("CCI") over the last few years.2

Certain key amendments proposed under the Bill are specified in a tabular format herein below:-

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