CCI Seeks Shareholder Comments On Proposed Revisions About Independent Agencies, Penalties
The Competition Commission of India (CCI) called for comments from stakeholders regarding the suggested revisions to the CCI (General) Regulations, 2009, after changes were made recently to the Competition Act.
The fair trade regulator lately introduced new norms and updated the existing ones in the Competition Act, 2002, as part of the Competition (Amendment) Act, 2023, reported PTI. The regulator recommended updates to the latest framework.
As part of the recommended changes, the watchdog issued a detailed process to implement and oversee the instructions under several sections of the Act, such as appointment of independent agencies to overlook the implementation of the orders.
These agencies, including accounting firms, professional entities, etc, wil...