Provisions in Competition Amendment Bill to reduce caseload on CCI: CUTS
The proposed introduction of a settlement and commitment framework and deal value threshold for MA notification under the competition law will enhance the ease of doing business, CUTS International said on Tuesday. Advocacy group CUTS welcomed the introduction of a framework for settlement and commitment in the law, improving the leniency framework, introduction of limitation, introduction of deal value threshold for MA notification, and recognition of hub and spoke cartels etc in the Competition (Amendment) Bill, 2022. "All these are likely to reduce caseload on the Competition Commission of India (CCI) as well as enhance ease of doing business," CUTS said in its comments on the Competition (Amendment) Bill, 2022, submitted to the Parliament Standing Committee on Finance. However, there are certain provisions of the Bill that may need reconsideration, it added. The Competition (Amendment) Bill proposed that the CCI shall not entertain information (or reference) unless it is
Provisions in Competition Amendment Bill to reduce caseload on CCI: CUTS
The proposed introduction of a settlement and commitment framework and deal value threshold for MA notification under the competition law will enhance the ease of doing business, CUTS International said on Tuesday. Advocacy group CUTS welcomed the introduction of a framework for settlement and commitment in the law, improving the leniency framework, introduction of limitation, introduction of deal value threshold for MA notification, and recognition of hub and spoke cartels etc in the Competition (Amendment) Bill, 2022. "All these are likely to reduce caseload on the Competition Commission of India (CCI) as well as enhance ease of doing business," CUTS said in its comments on the Competition (Amendment) Bill, 2022, submitted to the Parliament Standing Committee on Finance. However, there are certain provisions of the Bill that may need reconsideration, it added. The Competition (Amendment) Bill proposed that the CCI shall not entertain information (or reference) unless it is