Government Constitutes Competition Law Review Committee to Review the Competition Act (Download PDF)

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Union Finance Ministry has constituted 9 members Competition Law Review Committee to ensure that legislation is in tune w/changing business environment. It will be chaired by Corporate Affairs Secretary Injeti Srinivas.

Image of Competition Commission of India

Image of Competition Commission of India

Image of Competition Commission of India

  • Committee was constituted in pursuance of Govt. ‘s objective of ensuring that legislation is in sync w/needs of strong economic fundamentals.

Committee’s Terms of References

  • To review competition regulations in view of changing business environment & suggest necessary changes to strengthen & re- calibrate existing law to promote best practices.

  • To look into international best practices in competition field w/thrust on anti-trust laws, merger guidelines & handling cross-border competition issues.

  • To study other regulatory regimes, institutional mechanisms and government policies which overlap with Competition Act.

  • It will submit its report w/i 3 months of date of its 1st meeting.

Members of Competition Law Review Committee

Table contain shows the Members of Competition Law Review Committee

Table contain shows the Members of Competition Law Review Committee

Designation in Committee

Name

Profession

Chairperson

Injeti Srinivas

Secretary of Corporate Affairs

Member

Sudhir Mittal

Chairperson, (CCI)

Member

MS Sahoo

Chairperson, IBBI

Member

Haigreve Khaitan

Partner at Khaitan & Co

Member

Harsha Vardhana Singh

Chairman, IKDHVAJ Advisers LLP

Member

Pallavi Shardul Shroff

Advocate at Shardul Amarchand Mangaldas & Co.

Member

Dr. S Chakravarthy

IAS (Retd. ), Visiting Professor at ASCII

Member

Aditya Bhattacharjea

Professor of Economics, Delhi School of Economics

Member Secretary

-

Joint Secretary (Competition), MCA

Background of Competition Act

  • Competition Act was passed in 2002 & Competition Commission of India (CCI) was set up in 2009.

  • Since inception of commission, size of economy has grown immensely making it one of 5thlargest economies in world.

  • Competition Law is strengthened & re-calibrated to promote best practices which result in citizens of this country achieving their aspirations & value for money.

- Published/Last Modified on: November 8, 2018

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