CCI amended regulations streamline confidentiality procedures, including self-certification and creation of confidentiality rings for effective disposal of matters.
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Businesses that have exposed a cartel and applied for reduced penalties can now submit a separate application, providing essential information about another cartel in which they are involved. To benefit from this leniency-plus provision, companies must ensure 'full, true, and vital disclosure'
The Competition Commission of India has invited expert comments on the draft regulations till January 25, 2024. This is for the first time that the CCI has come up with regulations to determine the turnover of an enterprise to impose penalties for antitrust violations.