Competition Commission of India revises regulations to allow external monitoring agencies for enhanced compliance enforcement.
The Competition Commission of India (CCI) has revised its regulations to allow the appointment of external monitoring agencies, such as accounting firms, to ensure compliance with its orders. This change aims to enhance accountability in enforcing competition laws amid concerns about non-compliance. Agencies will report any failures back to the CCI and must be independent of the involved parties. The amendments also establish a 180-day timeline for finalizing orders following interim directives.
September 18, 2024
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