A month after a Parliamentary panel sought a new digital competition law, the Competition Commission of India (CCI) has constituted a ten-member committee to look into the matter.
Chaired by Corporate Affairs Secretary Manoj Govil, the panel will review existing competition norms and will examine the need for new legislations to tame the digital gatekeepers.
“The terms of the reference of the Committee are…to review whether existing provisions in the Competition Act, 2002 and the rules and regulations framed thereunder are sufficient to deal with the challenges that have emerged from the digital economy… (and)… to examine the need for an ex-ante regulatory mechanism for digital market through a separate legislation,” said the order dated February 6.
Related: The Evolution of Competition Law in Digital Markets in India
Besides, the panel will also study international best practices with regard to regulation and other government policies in the field of digital markets.
The committee will also review the practices of major players (Systemically Important Digital Intermediaries) in the digital domain, which ‘limit or have the potential to cause harm in digital markets.’
The panel has been tasked with submitting its report, including a draft of the Digital Competition Act (DCA), to the authorities in the next three months.
