COMPETITION (AMENDMENT) ACT, 2023 COMES INTO EFFECT ‘PARTIALLY’

Published On: 22/05/2023

Practice Area: Competition Law

Authors:

On April 11, 2023, the Competition (Amendment) Act, 2023 (“Amendment”) received the assent of the Hon’ble President of India and certain provisions have come into effect on May 18, 2023, after being notified by the Ministry of Corporate Affairs (“MCA Notification”). Given that certain provisions are dependent on the regulations / guidelines to be issued by the Competition Commission of India (“CCI”), such provisions are likely to be implemented after the relevant regulations / guidelines are published by the CCI.