The Ministry of Corporate Affairs (“MCA”) has, through a Circular dated 20.02.2020 invited public comments on the Draft Competition (Amendment) Bill, 2020.
The comments must be submitted online at http://feedapp.mca.gov.in/, by end of business hours on 6th March 2020.
The MCA had earlier constituted a Competition Law Review Committee (CLRC) in October, 2018 to review and recommend a robust Competition regime by taking the inputs of key stakeholders and suggest changes in both the substantive and procedural aspects of law. Based on comprehensive review of all relevant issues, the CLRC had submitted its report to the Government in July, 2019 and recommended certain amendments to the Competition Act, 2002 (“Act”) and subordinate legislations. Accordingly, a Competition (Amendment) Bill, 2020 has been drafted for carrying out amendments in the Act.
Source: Ministry of Corporate Affairs