The bill has been based on the recommendations of the Competition Law Review CommitteeThe ministry of corporate affairs has sought public comments on the proposed Competition (Amendment) Bill, 2020 by March 6.

The bill gives more power to the competition commission of India (CCI) to oversee mergers and acquisition deals between tech companies.

The Competition (Amendment) Bill, 2020 has been drafted to carry out the amendments made in the Competition Act, 2002.

CLRC, chaired by the secretary of corporate affairs ministry Injeti Srinivas, has also taken the views of stakeholders into consideration.

The corporate affairs ministry has also sought to empower the director-general to penalise such buys monetary or through penal powers. | To read full story, visit https://startuparound.com/read/1582358405.2291434/CCI-Seeks-Public-Opinion-On-Bill-To-Amend-M&A-Approval-Rules?ref=audio_experience