Supreme Court of India reaffirms competitive neutrality principle -holds that Government Companies are not outside the preview of the Competition Act

“Competitive neutrality” meaning creating a level playing field between public and private sector is a bedrock of modern competition laws across the Globe. For instance, in Europe, there are special provisions for scrutiny of “State Aid” in the form of Article 107 of the Treaty on the Functioning of the European Union (TFEU). Unfortunately, while redesigning…

CENTRAL GOVT NOTIFIES SOME KEY AMENDMENTS OF THE COMPETITION (AMENDMENT) ACT, 2023

The Government of India, Ministry of Corporate Affairs, vide gazette notification, S.O. 2228(E), dated 18th May 2023, has enforced the following important Sections/provisions of the Competition (Amendment) Act, 2023 with effect from 18 May 2023. SECTION OF THE MAIN COMPETITION ACT, 2002 TITLE DESCRIPTION 2 Definitions Commitment, Enterprise, Party, Relevant Product Market. 3 Anti-competitive agreements…