(Video) Rajya Sabha TV (RSTV) The Big Picture: Draft Competition Commission (Amendment) Bill 2020

Topic: Draft Competition Commission (Amendment) Bill 2020

Guest:

Chakshu Roy, (Head of Outreach, PRS Legislative Research)
Ajay Brahme, (Corporate Lawyer)
Vinod Dhall, (Former Acting Chairman, Competition Commission of India)

Topic Description:

With a view to update the Competition Act, 2002 and associated regulations, the Indian Government constituted the Competition Law Review Committee in October 2018. The Committee submitted its report to the Government on 14 August 2019. Based on the recommendations made in the Report, the MCA has introduced a draft Competition Bill, 2020 to overhaul the Act. The notification of the Government invites comments from the public on the Draft Bill until 6 March 2020. The Draft Bill proposes certain significant amendments to the Act, including: imprisonment for non-compliance with directions of the Director General; commitment and settlement procedure in non-cartel cases; more expeditious combination review process; and constitution of a Governing Board for non-adjudicatory functions.