The Competition Commission of India (CCI) will soon implement regulations for its Leniency Plus regime, incentivising companies to report cartelisation for public consultation, CCI Chairperson Ravneet Kaur (pictured) said on Tuesday.
Under Leniency Plus, a cartelist cooperating with CCI for leniency can disclose the existence of another cartel in an unrelated market during the original leniency proceedings, in exchange for an additional reduction in penalty.
The Leniency Plus regime was introduced in the new Competition (Amendment) Act, 2023, although several provisions of the Act are yet to be notified. The current Act already contains a leniency provision. The Leniency Plus model, providing