Revised norms: CCI can appoint agencies to monitor implementation of orders

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Revised norms: CCI can appoint agencies to monitor implementation of orders - Business Standard

Quick Summary:

Competition Commission can now appoint agencies to monitor the implementation of its orders, with the notification of amended regulations.

The move also comes amid instances of some entities flagging concerns about non-compliance with certain orders of the regulator, which works to ensure fair competition in the market place.

The agencies can be accounting firms, management consultancy or any other professional organisation or chartered accountants, company secretaries or cost accountants.