Competition (Amendment) Bill, 2023: Changes in light of the Finance Committee’s Recommendations

On March 29th 2023, the Lok Sabha passed the Competition (Amendment) Bill, 2023 (‘2023 Bill’). The previous iteration of the Bill was released in August 2022 (‘2022 Bill’), following which it was referred to the Parliamentary Standing Committee on Finance (‘the FC’). The FC released its report making notable recommendations to the Bill. In line with the FC’s recommendations, amendments to the 2022 Bill were introduced vide notice dated 07.02.2023. Thereafter, updated bill was introduced in the Parliament. In this piece, The Dialogue maps the FC’s recommendations that form part of the final Bill passed in the Lok Sabha.1 Furthermore, this Brief also maps those clauses that were not part of the original 2022 Bill or the FC’s recommendations but are part of the final Bill passed on March 29. This Brief maps the passed amendments and does not provide an analysis of the amendments.