What happened
The Committee on Subordinate Legislation, Rajya Sabha presented its 257th Report on four competition-law instruments: the Competition Commission of India (Commitment) Regulations, 2024, the Competition Commission of India (Settlement) Regulations, 2024, the Competition Commission of India (Determination of Turnover or Income) Regulations, 2024, and the Competition Commission of India (Determination of Monetary Penalty) Guidelines, 2024.
Background and earlier position
The Competition Commission of India is the statutory competition regulator under the Competition Act, 2002. The Parliament of India amended the competition law framework through the Competition (Amendment) Act, 2023, and the CCI has since framed new instruments on settlement, commitment, turnover or income, and monetary penalty.
The Committee’s report fits the constitutional and parliamentary practice of scrutinising delegated legislation. Such scrutiny matters because rules and regulations often determine how a statute works in practice, especially in specialised economic regulation.
What the Committee recommended
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