The Ministry of Corporate Affairs (MCA) has sought public comments on the proposed Competition (Amendment) Bill, 2020. The draft bill to amend the Competition Act, 2002, has recommended some changes to the existing law including the option to prescribe new criteria for mergers and changes in the functioning of the CCI. The bill is likely to give more power to the CCI regarding mergers and acquisition deals involving global technology behemoths. The proposed change will include scrutiny of the deal size of tech giants and has also included a provision for Buyers’ cartels.

For more, click here. For the draft bill, click here.