AIC Submits Comments on India’s Competition Act (28 December 2018)

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Asia Internet Coalition (AIC) has submitted comments on India’s Competition Act, 2002, to the Ministry of Corporate Affairs (MCA), Government of India. The key provisions of the Competition Act relating to anti-competitive agreements and abuse of dominant position have been in operation for nearly 10 years.  The Act is in need of an overhaul of its provisions to address evolving business practices and changing nature of technology . To address statutory limitations, we welcome this initiative by the Indian Government that has undertaken active measures and has established the Competition Law Review Committee. We commend MCAs efforts to review the Competition Act/Rules/Regulations in view of changing business environment and this discussion around the review of the Competition Act is timely and imperative.