CCI draft regulations: Company commitments to be closely watched

New Delhi, June 6, 2024

The monitoring agencies may include an accounting firm, management consultancy, any other professional organisation or chartered accountants, company secretaries or cost accountants

The Competition Commission of India (CCI) on Thursday released draft regulations for engagement of monitoring agencies to oversee implementation of settlement and commitment offered by companies, including Big Tech entities.

The draft regulations seek to overhaul the regulatory framework of CCI introduced in 2009, to bring it up to speed with the latest changes in the Competition Act passed by the government in April 2023.

“Where the Commission is of the opinion that the implementation of its orders passed under Section 31 or Section 48A or Section 48B or any other provisions of the Act, and regulations made thereunder need

[The Business Standard]