CCI’s New Regulations for Big Tech Entities
On 8th June, 2024, Competition Commission of India (CCI) proposed new regulations to monitor the settlements, and commitments of tech industry giants.
- The regulations came from the Competition (Amendment) Act, 2023, which introduced new provisions and updating the existing ones in the Competition Act, 2002.
Objective of the Regulations
- To ensure greater transparency, accountability, and compliance in the tech industry.
What are the Proposed Regulations?
Empowering CCI
- It empowers the CCI to appoint a range of independent agencies, including accounting firms, management consultancies, and individuals such as chartered accountants and cost accountants.
- These agencies will be tasked with the critical ....
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