Analysis of Draft Competition Amendment Bill, 2020

India is the developing economy of the world. Therefore, in order to regulate the market, the Government decided to regulate the market in order to prevent unethical trade practices in the economy. The Competition Act, 2002 was enacted to ensure fair and ethical trade practices in the market. On 20th February 2020, the Government introduced Draft Competition Amendment Bill, 2020 in the public domain. The bill has been prepared by the Committee set up in the year 2018 known as Competition Law Review Committee (CLRC) which submitted its report in July 2019.

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All You Need To Know About: Competition Commission Of India

The Setting up of the Competition Commission of India regime in India has so far proved to be a much more difficult task in hand than what was initially envisaged. Starting from the last decade the Competition Law in India has seen a lot of twists and turns in its application. Initially, there were two basic laws regarding the implementation of Competition Law in India.

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