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Competition Commission of India (Determination of Turnover or Income) Regulations, 2023.
Context
CCI seeks comments on draft of Competition Commission of India (Determination of Turnover or Income) Regulations, 2023.
Key Highlights
- The Competition Commission of India (CCI) is soliciting feedback on the draft Competition Commission of India (Determination of Turnover or Income) Regulations, 2023.
- The Competition (Amendment) Act, 2023, introduced changes to Sections 27, 48, and Section 64, necessitating the formulation of regulations to determine turnover or income under specific clauses.
- To comply with the amended sections, the CCI has proposed the draft CCI (Determination of Turnover or Income) Regulations, 2023.
- These regulations outline the methodology for determining turnover or income concerning Section 27(b) and Section 48 of the Act.
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Competition Commission of India (CCI)
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