The CCI has proposed the Competition Commission of India (Commitment) Regulations, 2023. The Commitment Regulations provide the procedure to be followed during commitment proceedings including the following:
- Form and contents of the application for commitment along with fee payable;
- Procedure of commitment proceedings;
- Period during which commitments may be offered;
- Manner in which the CCI will invite objections and suggestions to the commitment terms;
- Nature and effect of the commitment order;
- Factors to be considered by the CCI in assessing the commitment terms;
- Implementation and monitoring of the terms of the commitment order;
- Revocation of the commitment order;
The CCI invites stakeholders to submit written comments on the draft Commitment 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.
