CCI releases draft regulations to bust cartels under leniency-plus regime
18 Oct 2023
- DMD Advocates
- News Alerts
The Competition Commission Of India has invited public comments on its draft lesser penalty regulations. These regulations set out the procedural aspects of the leniency plus regime which was introduced through the Competition (Amendment) Act, 2023.
Leniency plus mechanism allows a leniency applicant to avail an additional reduction in penalty (up to thirty per cent) in relation to the disclosed cartel on providing information and evidence relating to another undisclosed cartel.
The draft regulations also introduce provisions for cartel facilitators to avail the leniency mechanism and for withdrawal of leniency applications.
The regulations are open for public comments until November 6, 2023. You may review the regulations at: https://lnkd.in/dtu3mhM6
You may reach out to our competition partner, Vivek Agarwal for a quick discussion or if you wish to submit your comments to the CCI.