Monitoring Agencies

On 17th September 2024, the Competition Commission of India (CCI) announced that it can now appoint independent agencies to monitor the implementation of its orders, following the notification of amended regulations.

This regulatory change allows the CCI to enhance oversight on compliance with its directives, addressing concerns raised by entities regarding non-compliance.
The newly introduced Competition Commission of India (General) Regulations, 2024, were officially notified on September 17, 2024.
Agencies that may be appointed include accounting firms, management consultancies, and professional organizations such as chartered accountants and company secretaries.
The CCI will utilize these agencies to oversee the implementation of orders issued under various sections, including those related to mergers and acquisitions.
The appointed agencies will be responsible for informing the CCI of any non-implementation or failure to comply with its orders.
In addition to the monitoring provisions, the new regulations stipulate a 180-day timeframe for passing a final order following the issuance of an interim order.
This amendment comes in response to changes made to the Competition Act in April 2023, during which the CCI conducted a thorough review of its general regulations, including public consultations.