Question : AMENDMENT IN COMPETITION ACT, 2002



(a) whether the Government is contemplating to bring changes and amendments in the Competition Act 2002;

(b) if so, the details thereof along with its objectives; and

(c) the salient features which have been included in the proposed amendments to the Act?

Answer given by the minister


THE MINISTER OF STATE (INDEPENDENT CHARGE) IN THE MINISTRY OF CORPORATE AFFAIRS (SHRI SACHIN PILOT)

(a) to (c) Yes, Madam. In the light of the experience gained in the working of the Competition Commission of India (CCI) and the suggestions of an Expert Committee appointed for the purpose, certain amendments in the Competition Act have been finalized. A Bill to amend the Competition Act is likely to be introduced in the current session itself.