Competition amendment bill: Revising a relatively ‘modern’ law to meet the challenges of modern markets
The Competition (Amendment) Bill, 2022 updates the existing framework for addressing anti-competitive agreements, abuse of dominance and mergers and amalgamations (M&A). The Competition Act, 2002, and the Competition Commission of India (CCI) as the primary market watchdog, have been in place for two decades and while relatively ‘modern’, needed updates to keep pace with the realities of the day.