He said Germany and other jurisdictions have the clause of deal value.
The competition commission is currently studying big data companies to understand their functioning.
Manas Kumar Chaudhuri, partner at Khaitan & Co, said: “In view of the competition in the digital economy, including e-commerce, the government may like to come up with suitable policies balancing the traditional and new-age digital economies.”
The government has set up a high-level committee to review the Competition Act. The target is to finalise the report as part of the agenda for the first 100 days of the new government.
The panel is also deliberating on having multiple branches of the commission on the lines of the National Company Law Tribunal (NCLT). Not just that, it is being planned that there would be a separate bench for mergers and a separate one for anti-trust cases.
The plan is to make the commission an advisory body as well to help state governments understand where competition is being affected.
Under consideration are also changes in the definitions of ‘relevant market’ and ‘enterprise’ in the Act, among others. The commission decides the penalty on companies based on these definitions.
The Competition Act was legislated in 2002 but the CCI became fully operational in 2009.