Govt. Committee Constituted to review the Competition Act

Govt. Committee Constituted to review the Competition Act

The committee would review “the Competition Act/ Rules/ Regulations, in view of changing business environment and bring necessary changes, if required,” the release said.
The Review Committee was constituted with an aim to ensure that the Act coexists with the needs of strong economic fundamentals.
The Competition Act was passed in the year 2002 and the Competition Commission of India was set up as a follow up to the Act. The Commission started functioning from 2009 and contributed immensely towards the development of competition and fair play practices in the Indian market.


The Review Committee comprises of the following:
  1. Chairperson – Secretary, Ministry of Corporate Affairs
  2. Member – Chairperson, CCI
  3. Member – Chairperson, IBBI
  4. Member – Shri Haigreve Khaitan, M/S Khaitan & Co.
  5. Member – Shri Harsha Vardhana Singh, IKDHVAJ Advisers LLP
  6. Member – Ms. Pallavi Shardul Shroff, Advocate, M/S Shardul Amarchand Mangaldas & Co.
  7. Member – Dr. S. Chakravarthy, IAS (Retd.), Hony. Visiting Prof. ASCII
  8. Member – Shri Aditya Bhattacharjea, Professor of Economics, Delhi School of Economics
  9. Member Secretary – Joint Secretary (Competition), MCA
The Terms of References of the Committee are as follows:-
  1. To review the Competition Act/ Rules/ Regulations, in view of changing business environment and bring necessary changes, if required;
  2. To look into international best practices in the competition fields, especially anti-trust laws, merger guidelines and handling cross border competition issues;
  3. To study other regulatory regimes/ institutional mechanisms/ government policies which overlap with the Competition Act;
  4. Any other matters related to competition issue and considered necessary by the Committee.
The Committee has to complete its work and submit its report within 3 months of the date of its first meeting.