CCI draft regulations: Company commitments to be closely watched

The monitoring agencies may include an accounting firm, management consultancy, any other professional organisation or chartered accountants, company secretaries or cost accountants

The Competition Commission of India (CCI) plans to closely monitor implementation of settlement and commitment offered by companies such as Big Tech entities in antitrust cases by engaging monitoring agencies to oversee such implementation. 

This is part of the draft regulations released by the competition regulator on Thursday to overhaul the regulatory framework of CCI introduced in 2009, to bring it up to speed with the latest changes in the Competition Act passed by the government in April 2023. 
 

“Where the Commission is of the opinion that the implementation of its orders passed under Section 31 or Section 48A or Section