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        Corp. Laws, SEBI & IBC

        Companies Act

        December 8, 2011

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        Press Information Bureau

        Government of India

        Ministry of Corporate Affairs

        08-December-2011 17:42 IST

        The Government has constituted a Committee inter-alia to suggest amendments in the Competition Act, 2002 to fine tune it. The work of the Committee is in progress.

        There is no proposal presently under the consideration of the Government to empower the irectorate of Investigations the Competition Commission of India (CCI) to search, seize and raids like other agencies.

        The Minister of State for Ministry of Corporate Affairs Shri R.P.N. Singh gave this information in a written reply in Lok Sabha today.

        ST/bs

        Competition law enforcement powers remain limited; no expansion to include search and seizure while amendments are reviewed. A government committee has been constituted to propose amendments to the Competition Act, 2002 and its enforcement framework; the committee's work is ongoing. There is currently no proposal to expand investigative powers to permit search, seizure and raids for competition investigators, and existing enforcement powers remain unchanged.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Competition law enforcement powers remain limited; no expansion to include search and seizure while amendments are reviewed.

                                A government committee has been constituted to propose amendments to the Competition Act, 2002 and its enforcement framework; the committee's work is ongoing. There is currently no proposal to expand investigative powers to permit search, seizure and raids for competition investigators, and existing enforcement powers remain unchanged.


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