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of <h1>CCI Amends Lesser Penalty Regulations 2017: Redefines 'Applicant,' Offers Up to 100% Penalty Reduction for First Cartel Disclosure.</h1> The Competition Commission of India (CCI) issued the Lesser Penalty Amendment Regulations, 2017, modifying the 2009 regulations. These amendments redefine 'applicant' to include enterprises and individuals involved in cartels, and outline conditions for granting lesser penalties. An applicant making the first vital disclosure of a cartel can receive up to a 100% penalty reduction. Subsequent applicants may also receive reductions, with a structured percentage based on their disclosure's value. The regulations extend confidentiality protections and specify conditions under which information may be disclosed. Additionally, changes allow for document inspection under certain conditions, and update references to the Companies Act, 2013.
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