COMPETITION IS THE life force of a market economy. As the Competition Commission of India (CCI) completed 15 years of enforcement in 2024, it has won its place on the high table of key market regulators worldwide. Though relatively young, it has adjudicated more than 1,200 antitrust cases, keeping in view the specificities of each sector, market structure, nature of contraventions, in diverse sectors such as cement, airlines, automobile, banking, e-commerce, media and entertainment, pharmaceuticals, and manufacturing. It has also approved over 1,200 mergers and acquisitions (M&As), over 90% within 30 days, with nearly 115 transactions okayed under the "green channel" route.
2023 Act, 2024 effect This year saw the implementation of the Competition Act, 2023, and regulations envisioned in 2023. In January, the CCI brought into force the CCI (General) Amendment Regulations, 2024. It now allows a party to file an interlocutory application before the CCI in a case under Section 19 of the Competition Act, under conditions. Provisions have been brought in after the Act was amended in 2023 regarding: (a) leniency plus; (b) commitment and settlement; (c) penalty on global turnover and compensation; (d) time-bound decisions. The ministry of corporate affairs (MCA) also published draft rules on green channel, de-minimis, and draft exemption rules on March 11.
Denne historien er fra December 23, 2024-utgaven av Financial Express Pune.
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Denne historien er fra December 23, 2024-utgaven av Financial Express Pune.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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E-gaming firms get relief
THE TOP COURT last year allowed a petition of the Centre and transferred to itself pleas, challenging the imposition of 28% GST on e-gaming firms, from 9 high courts for an authoritative pronouncement.
US slaps toughest sanctions targeting Russian oil revenues
IN BID TO GIVE UKRAINE, TRUMP LEVERAGE
L&T chief's advice...
THE YOUNGER GENERATION, many corporate chiefs, believe will want a better work-life balance and companies should respond to their suggestions else they would lose talent.
Oil prices rally 3% to touch 3-month high
OIL PRICES RALLIED nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest US sanctions package targeting Russian oil and gas revenue.
'Delhi needs low-rise, high-density housing'
IE THINC SEVENTH EDITION: OUR CITIES
Any disputed structure should not be called a mosque
AMID A SERIES of temple-mosque disputes, with several suits pending before various courts, UP CM Yogi Adityanath said on Friday that any disputed structure should not be called a mosque.
Court tells CBI to give pre-arrest notice to Karti
A DELHI COURT on Friday directed the CBI to give a three-day prior written notice to Congress MP Karti Chidambaram in a fresh corruption case alleging he gave relief to a liquor company over the duty-free sale of its whisky.
SC Status Quo on Well at Sambhal Mosque
THERE WILL BE no worship or holy bath at the well near the Shahi Jama Masjid in Sambhal in Uttar Pradesh.
Capable, but not yet aspirational
● A fine scooter for business, but needs a rethink to attract personal-use buyers
Half of India buys white cars
• There's preference for natural shades over brighter tones
