Such an application for settlement can be submitted at any time after the receipt of the Director General's (DG) report in the case concerned. However, it should be submitted before passing of an order by the CCI.
DG is the investigation arm of the regulator. Cases where there are prima-facie evidence of competition law violations are referred to the DG for a detailed probe.
Another proposal in the bill is to have a clause wherein a person can offer "commitments in respect of the alleged contraventions", subject to certain conditions.
In July 2019, Competition Law Review Committee, chaired by Corporate Affairs Secretary Injeti Srinivas, submitted a report and recommended certain amendments to the Competition Act and subordinate legislations.
After taking into consideration the recommendations of the panel, the ministry has prepared the Competition (Amendment) Bill, 2020. Comments from the public on the bill have been sought till March 6.
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