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of <h1>CCI Releases 2024 Commitment Regulations: New Process for Filing Applications and Addressing Competition Concerns Under Competition Act, 2002.</h1> The Competition Commission of India (CCI) has issued the Commitment Regulations, 2024, under the Competition Act, 2002, to outline the procedure for filing commitment applications and conducting related proceedings. These regulations allow enterprises under inquiry for alleged competition law violations to submit commitment applications, detailing proposed remedies to address competition concerns. The application process includes providing comprehensive information about the applicant, alleged violations, and proposed commitments. The CCI assesses these applications and may accept, reject, or request revisions. The regulations also cover the implementation, monitoring, and potential revocation of commitment orders, along with provisions for confidentiality and procedural adjustments.
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