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The Ministry of Corporate Affairs, through notification dated September 9, 2024, i.e., shortly after the close of the monsoon session of the Indian parliament, implemented multiple merger control prov...
On December 22, 2022, the Standing Committee on Finance (“Committee”) presented its report titled ‘Anti-competitive practices by big tech companies’, before the Lok Sabha. The Committee has identified 10 anti-competitive practices in the digital sector and proposed enactment of a sui generis law, namely the Digital Competition Act. Thereafter, the Ministry of Corporate Affairs, on February 06, 2023, constituted a 16-member inter-ministerial Committee on Digital Competition Law (“CDCL”) to assess the need for a separate law on competition in digital markets. Given that India is a developing economy, any over-zealousness to introduce an ex-ante law, similar to other developed economies, may have unintended consequences. Hence, it may be prudent to wait and take the advantage of learning externalities and experience of the jurisdictions which have introduced an ex-ante law. INDUSLAW’s Avimukt Dar, Unnati Agrawal, Parth Sehan, Yash Lahoty, Swapnil Singh, and Hrishav Kumar analyse the key recommendations of the Committee along with the mandate of the CDCL and provide their insights.
