The long-awaited Bill to amend the Competition Act, 2002, was finally tabled in the Lok Sabha recently.
The Competition (Amendment) Bill, 2022:
Settlement: an application for ‘settlement' may be submitted by an enterprise at any time after the receipt of the Director General of the CCI's (“DG”) report in respect of its investigation into the relevant matter, but before the CCI passes a final order; and
Commitment: an offer for ‘commitment' may be submitted by an enterprise at any time after the CCI has initiated an investigation, but before receipt of the DG's report.
Verifying, please be patient.