The recent amendment to the Competition Act, 2002 empowers the Competition Commission of India (CCI) to levy a penalty on the “global turnover” in contrast to the erstwhile “relevant turnover” of companies for violating the basic tenets of the competition law.
In this article published by moneycontrol.com, our Partner Pritha Jha specifies how this new rule may not act as a deterrent to multinational corporations (MNCs) from entering India, if rational risk assessment practices are followed to mitigate potentially higher penalties.
You can read the article here -https://lnkd.in/drjW4Aty
