ENA Sectors 2018-11-20 07:38:40 <p><strong>New Delhi, Nov 20 (KNN)</strong> The Ministry of Corporate Affairs (MCA) has invited comments from general public on Competition Act 2002 as a move to review the competition rules in accordance with the changing business environment.</p> <p>MCA has constituted a Competition Law Review Committee to review the competition Act/ Rules/ Regulations in view of changing business environment and bring necessary changes, if required.</p> <p>According to an experts, there has been no review of the current Act (2002) since its enactment hence the review is overdue if the Act to keep it relevant.</p> <p>The Committee will also look into international best practices in the competition fields, especially anti-trust laws, merger guidelines and handling cross border competition issues.</p> <p>The Committee will also study other regulatory regimes, institutional mechanisms, government policies which overlap with the Competition Act.</p> <p>The updated version of the Competition Act, 2002 is available on the website <a href="http://www.cci.gov.in">www.cci.gov.in</a>.</p> <p>The comments have been sought by December 7, 2018 through email to <a href="mailto:competitionlaw_review@mca.gov.in">competitionlaw_review@mca.gov.in</a></p> <p>The Competition Law Review Committee (CLRC) was set up earlier this year by the Centre. It had constituted Working Groups and each of the four Working Groups were assigned a particular topic, including Regulatory Structure; Competition Law; Competition Policy, Advocacy and Advisory Functions; and New Age Markets and Big Data.</p> <p>A number of lawyers from the top law firms were appointed to each of these Working Groups. <strong>(KNN Bureau)</strong></p> 21346 https://knnindia.co.in/news/newsdetails/sectors/mca-seeks-public-comments-on-competition-act-2002 2018-11-20 07:38:40 knnindia.co.in