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ARTICLE · 28 DECEMBER 2022

The Standing Committee On Finance Makes Recommendation To Refine The Competition (Amendment) Bill

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On December 13, 2022, the Standing Committee on Finance ("Committee") tabled its much-anticipated report on the Competition (Amendment) Bill, 2022 ("Bill"), before the Lok Sabha (the lower house of Parliament).

IndiaAntitrust/Competition Law
Avimukt Dar
Avimukt Dar
Unnati Agrawal
Unnati Agrawal
Yash Lahoty
Yash Lahoty
Hrishav Kumar
Hrishav Kumar
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1.

BACKGROUND
1.1.

On December 13, 2022, the Standing Committee on Finance ("Committee") tabled its much-anticipated report on the Competition (Amendment) Bill, 2022 ("Bill"), before the Lok Sabha (the lower house of Parliament).1 The Bill, which was introduced on August 05, 2022, was referred to the Committee for its review, on August 17, 2022.2 Thereafter, the Committee invited suggestions from various stakeholders as well as the Competition Commission of India ("CCI") and the Ministry of Corporate Affairs. The key recommendations proposed by the Committee are set out in detail below.

2.

PROPOSED RECOMMENDATIONS OF THE COMMITTEE
I.

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