CCI Reviews Opinions On Revised Penalty Recovery Norms

CCI Reviews Opinions On Revised Penalty Recovery Norms

The draft amendments were publicized in November last

The Competition Commission of India (CCI) is reviewing the feedback on the proposed amendments to the monetary penalty recovery norms.

Ravneet Kaur, the CCI Chairperson expressed that the changes were meant to strengthen the regulatory framework and enhance procedural clarity and efficiency.

"We are currently reviewing the feedback provided by the stakeholders whereafter the proposed amendments would be gazetted," she stated.

Kaur informed that the competition watchdog had identified areas where the regulations could be improved to better align with contemporary requirements and streamline the recovery process.

The modifications will offer greater legal certainty to enterprises and individuals. The Competition Act will ensure its seamless execution.