AN ANALYSIS OF MAJOR PROVISIONS OF THE NEW COMPETITION AMENDMENT BILL, 2022

Authors: Gayathri S Pillai, Student of National University of Advanced Legal Studies

Best Citation – Gayathri S Pillai, AN ANALYSIS OF MAJOR PROVISIONS OF THE NEW COMPETITION AMENDMENT BILL, 2022, Indian Journal of Legal Review (IJLR), 3 (1) of 2023, Pg. 289-295, ISSN – 2583-2344.

ABSTRACT

The market space has been ever-evolving in this trade-centric world. Maintaining healthy competition without the involvement of unfair trade practices in the market is crucial for the development of society. But is the current competition law regime in India adequate? The Competition Bill has been passed in this context. This research paper tries to analyze the major provisions of the new Competition Amendment Bill. Some of these changes are definitional changes, changes in threshold level, changes in timelines, the inclusion of hub and spoke cartel, etc. Other changes are also discussed in this paper. It also tries to focus on the areas where improvements can be made. Thus, in this research paper, the author attempts to bring in suggestions by analyzing the major changes incorporated through the Competition Amendment Bill.