Antitrust regulator proposes to grant more time to DG for probe report
investigator at the antitrust regulator will get more time to submit the probe report in cases where the watchdog finds a prima facie violation of competition norms, according to the draft amendments to the Competition Commission of India (CCI) General Regulations, 2009.
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The director general of investigation at the CCI will get up to 90 days to file the report under ordinary circumstances, against the current 60 days, the draft amendments, floated by the regulator, have proposed.
The move is aimed at facilitating a more thorough probe of the cases by the DG, especially in emerging areas of the economy where investigating antitrust norm violations involve a rigorous process.
Of course, the draft amendments propose to retain the extant provision that enables the regulator to grant even more time “as it may consider reasonable” on an application made by the director general, giving sufficient reasons.
Where the CCI believes that a prima facie case exists, its secretary will “convey the directions of the Commission within seven days to the director general to investigate the matter”.
Also read: CCI to boost strength for better oversight of digital, other sectors
The draft regulations also propose to rope in agencies to monitor implementations of settlement and commitment offered by companies, including digital players, in
