Competition (Amendment) Bill heads to Parliament
On August 5, 2022, the Competition Amendment Bill 2022 was introduced in the Lower House (Lok Sabha) of the Parliament. The Bill proposes far-reaching amendments to the Indian competition law including the introduction of: (a) ‘deal value’ criterion for mergers & acquisitions (“M&A”), (b) shortening of M&A review timelines, (c) settlement and commitment procedure for non-cartel cases, and (d) leniency plus.
For further details, please refer to the below document.
