Quick Summary
The Ministry of Corporate Affairs (MCA) has issued Notification No. S.O. 4031(E). dated September 19, 2024, announcing that clause (f) of section 19 of the Competition (Amendment) Act, 2023 has come into effect on the same date. This move is authorized under sub-section (2) of section 1 of the Act, marking a significant development in India's competition law landscape. The Competition (Amendment) Act, 2023 introduced reforms to enhance the functioning of the Competition Commission of India (CCI
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FAQ :
Clause (f) of section 19 of the Competition (Amendment) Act, 2023 has been enforced.
The provision came into effect on September 19, 2024.
The Ministry of Corporate Affairs (MCA) enforced the provision.
The amendment aims to enhance the functioning of the Competition Commission of India (CCI) and strengthen its ability to regulate anti-competitive practices.
Businesses and legal professionals need to stay updated on these regulatory changes to ensure compliance with the enhanced provisions under the amended Act, as it is expected to have widespread implications.
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