Govt notifies amendments in competition law related to CCI probe procedure

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Govt notifies amendments in competition law related to CCI probe procedure - Business Standard

Quick Summary:

The government has notified a provision in the amended competition law related to investigation procedure whereby regulator CCI can issue show cause notices to parties concerned as well as grant them time to respond before passing a final order.

The Competition Act, implemented by the corporate affairs ministry, was amended in April 2023 and subsequently, various provisions as well as related regulations have been notified.

Upon completion of the investigation, the regulator can pass an order closing the matter or pass an order under Section 27.