22 August, 2019
Report of the Competition Law Review Committee submitted to Union Finance and Corporate Affairs Minister.
The Government constituted a Competition Law Review Committee on 1st October 2018 to review the existing Competition law framework and make recommendations to further strengthen the framework to inter alia meet new economic challenges.
The Competition Act
The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2007, prohibits anti-competitive agreements, and abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and M&A), which cause or are likely to cause an appreciable adverse effect on competition within India.
Source: The Hindu
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