The Competition (Amendment) Act, 2007 was passed on 24 September 2007 to
amend the Competition Act, 2002 (the Act). Amendments relating to
composition of Competition Commission of India (CCI), establishment of
Competition Appellate Tribunal, imposing of penalty and other administrative
powers/ changes etc. have been brought into effect from 12 October 2007/20 December 2007.
Besides the above, following amendments have also been made. These
amendments will come into force at a date to be notified later.
l
Provisions relating to abuse of dominant position extended to 'group' inaddition to 'enterprise'.
l
The financial limits for attracting provisions relating to 'combination'modified.
l
For entering into a proposed 'combination', notice to the CCI shall beissued mandatorily as against earlier requirement of optional notice.
l
Competition Commission to issue its order within 210 days from makingof the application.
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