OVERVIEW
On 16 October 2023, the Competition Commission of India (CCI/Commission) introduced the Draft Competition Commission of India (Lesser Penalty) Regulations, 2023 (DLPR). The DLPR will repeal and replace the Competition Commission of India (Lesser Penalty) Regulations, 2009. Importantly, it provides regulations for a new Lesser Penalty Plus (LPP) framework. The LPP regime was introduced within the leniency framework by the recent Competition (Amendment) Act, 2023 (2023 Amendments). The introduction of the DLPR, especially with a new LPP regime, is a welcome move which will help in curtailing cartel activity in Indian markets.
The Dialogue is pleased to submit its comments on certain crucial aspects of the draft regulations. The comments have been drafted after an extensive literature review from multiple jurisdictions.
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