Analysing ‘Penalty Basis’ Under New Regulations & Guidelines: Is the Transition from ‘Relevant’ to ‘Global’ Turnover Real?
Introduction With the enactment of the Competition Amendment Act, 2023, the Indian competition regulatory framework is undergoing significant changes. The most notable modification through this amendment was the adoption of ‘global turnover’ by discarding ‘relevant turnover’ under Section 27(b) for imposing penalties by the Competition Commission of India (CCI). Further, on March 06, 2024, a […]
