Competition (Amendment) Act, 2023

GPTKB entity

Statements (16)
Predicate Object
gptkbp:instanceOf gptkb:Act_of_Parliament
gptkbp:administeredBy gptkb:Competition_Commission_of_India
gptkbp:amendedBy gptkb:Competition_Act,_2002
gptkbp:country gptkb:India
gptkbp:dateEnacted 2023
gptkbp:enactedBy gptkb:Parliament_of_India
gptkbp:gazetted April 11, 2023
https://www.w3.org/2000/01/rdf-schema#label Competition (Amendment) Act, 2023
gptkbp:keyProvision increases penalties for anti-competitive conduct
introduces deal value threshold for merger control
introduces settlement and commitment framework
reduces time limit for CCI approval of combinations
gptkbp:purpose to strengthen and update competition law in India
gptkbp:receivedRoyalAssent April 11, 2023
gptkbp:bfsParent gptkb:Competition_Act,_2002
gptkbp:bfsLayer 7