Competition Act

M&A deal value of over Rs 2,000 crore comes under Competition Act

The government aims to scrutinise mergers that might escape under the traditional "asset" or turnover-based thresholds

UK starts probe into Microsoft's hiring of former Inflection AI staff

In March, Microsoft hired Mustafa Suleyman, co-founder of Google DeepMind, as head of its newly-created AI unit, followed by a number of employees from Inflection, which he set up in 2022

Impact of Digital Competition Bill on India's homegrown startup ecosystem

The Draft Digital Competition Bill is part of a more significant endeavour by the government to address the above competition concerns in the digital and technology ecosystem

Meity hears industry concerns over draft Digital Competition Bill

Secretary Krishnan says will share the industry feedback with MCA

Divergent views emerge within IAMAI on proposed digital competition bill

The IAMAI has argued against the need for ex-ante regulations for digital markets in their submission on the draft Digital Competition Bill

Some public enterprises may be kept out of digital competition law

"It is an overarching section. Akin to the existing Law, Government has effectively kept room to make exemptions in a number of situations," said Sagardeep Rathi, Partner, Khaitan & Co

Digital Competition Bill opens room for parallel probe against firms

The Draft Digital Competition Bill has set out a process for investigation of the contraventions listed in the Bill in line with the similar process in the parent Competition Act

The Digital Competition Bill: Onus on Big Tech to declare fair deal

The CCI will have the power to levy a fine of up to 1 per cent of the global turnover of the online entity in case it fails to make this declaration, sources said

MCA revises thresholds for mergers and amalgamation under Competition Act

Merger transactions with acquisition targets having assets under Rs 450 cr or turnover below Rs 1,250 cr are exempt from CCI approval

CCI can impose fines based on companies' global turnover under new norms

Fair trade regulator Competition Commission can now impose penalties on companies based on their global turnover for violations, with the government notifying the amended competition norms. Till now, the Competition Commission of India (CCI) has been deciding penalties on the basis of a company's turnover from a particular business segment where violations have been found. The corporate affairs ministry has notified the provisions under the amended the Competition Act with effect from March 6. Vaibhav Choukse, Partner and Head of Competition Lawa at JSA Advocates and Solicitors, said the amendment empowers the CCI to impose a penalty on the global turnover of a company derived from all the products and services. This amendment is likely to have major implications on multi-product companies and those with global operations and may lead to unfair and discriminatory outcomes between (I) domestic companies and the one with global operations and (II) multi product companies and single .

MCA notifies leniency plus regime under the Competition Act 2023

The current Act already contains a leniency provision

Digital competition law committee asked to consider MCA's draft bill

Proposes digital entities to ensure interoperability, data sharing, portability

Ansuman Pattnaik to replace Atul Verma as CCI's new head of investigations

Pattnaik has 28 years of experience working in various positions in the Indian government. He also worked at the CCI during 2014-2019 in its investigations unit and was head of the unit briefly

CCI brings draft regulations for Settlement and Commitment scheme

The antitrust watchdog has invited stakeholders to submit written comments on these draft regulations within 21 days ending September 13, 2023

Removing legal ambiguity on 'hub-and-spoke' provisions empowers CCI

By extending jurisdiction beyond direct participants, legal reform strengthens competition enforcement

Coal India to come under Competition Act purview, says Supreme Court

This will mean the Act will apply to public sector undertakings and private enterprises alike

Competition Amendment Bill 2022 passed by Lok Sabha amid pandemonium

The Lok Sabha on Wednesday passed the Competition Amendment Bill 2022 without discussion amid vociferous protests by Congress-led opposition, which sought a probe in the Adani matter

Compensation likely in settlement cases in revised Competition Bill

Legislation likely to be introduced in ongoing Budget session of parliament

16-member panel set up to draft Digital Competition Act within 3 months

Panel comprising civil servants, experts will study if Competition Act, 2002 enough to deal with new digital economy

New competition law likely to open up settlement route for cartels

The proposed law however is not clear still on whether an application for settlements and commitments requires an admission of guilt