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ARTICLE · 07 SEPTEMBER 2022

The Competition (Amendment) Bill, 2022

The Competition (Amendment) Bill, 2022 (‘Bill') proposes to provide the Competition Commission of India (‘CCI') with more freedom, agency, and accountability.

IndiaAntitrust/Competition Law

INTRODUCTION

The Competition (Amendment) Bill, 2022 ('Bill')1 proposes to provide the Competition Commission of India ('CCI') with more freedom, agency, and accountability. The Parliamentary Standing Committee on Finance is reviewing the proposal the Parliament laid down under the Bill.

This article focuses primarily on the fundamental changes proposed by the Parliament concerning combinations and anti-competitive agreements.

A. Combinations

i. Deal value threshold: The Bill seeks to amend Section 52 of the Competition Act, 2002 ("Act") by introducing transaction value thresholds for determining whether a merger or acquisition qualifies as a combination and requires notification to the Competition Commission of India. At present, such notification is required based only on asset and turnover thresholds.

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