Revised norms: CCI can appoint agencies to monitor implementation of orders
Competition Commission can now appoint agencies to monitor the implementation of its orders, with the notification of amended regulations.
The move also comes amid instances of some entities flagging concerns about non-compliance with certain orders of the regulator, which works to ensure fair competition in the market place.
The Competition Commission of India (General) Regulations, 2024 were notified on Tuesday.
Now, agencies can be appointed by CCI to monitor the implementation of its orders. The agencies can be accounting firms, management consultancy or any other professional organisation or chartered accountants, company secretaries or cost accountants.
"Where the Commission is of the opinion that the implementation of its orders passed under Section 31 or Section 48A or Section 48B or any other provisions of the Act and regulations made thereunder, needs monitoring, it may appoint agencies to oversee such implementation, on such terms and conditions as deemed fit by the ...