The government has constituted A committee to review the competition law. The nine member committee chaired by Corporate Affairs Secretary Injeti Srinivas, would review the competition act/Rule/ Regulation in view of changing business environment. The committee will suggest new changes if required.
-The committee will also look into International best practices in the field of antitrust law, merger act.
-The committee will submit its report within 3 months from its first meeting.
-The other members of committee are –
Haigrane Khaitan, Harsh Vardhan Singh, Shardul Amarchand , Pallavi Shardul Shroff, S.Chakravarthy, Aditya Bhattacharya.
– The Competition Act was passed in 2002 and Competition Commission of India (CCI) started foundationing in 2009.