Draft Competition Commission of India (Settlement) Regulations, 2023

The CCI has proposed the Competition Commission of India (Settlement) Regulations, 2023 (Settlement Regulations). The Settlement Regulations provide the procedure to be followed during settlement proceedings including the following:

1. Form and contents of the application for settlement along with fee payable;
2. Procedure of settlement proceedings;
3. Period during which settlements may be proposed;
4. Manner in which the CCI will invite objections and suggestions to the settlement terms;
5. Factors to be considered by the CCI in assessing the settlement terms;
6. Manner of determining the settlement amount;
7. Nature and effect of the settlement order;
8. Implementation and monitoring of the terms of the settlement order; and
9. Revocation of the settlement order.

The CCI invites stakeholders to submit written comments on the draft Settlement Regulations within 21 (twenty-one) days from 24.08.2023 to 13.09.2023. The comments must be sent only by duly filling the form hosted on the CCI’s website at: https://cci.gov.in/stakeholders-topics-consultations.