Thursday, March 30, 2023

CCI gets powers to penalise tech firms based on global turnover

The Competition (Amendment) Bill, 2022 seeks to capture deals happening in global digital companies, provided the entities involved have a strong business presence in India. Any such deals where the value exceeds Rs 2,000 crore will need to be notified to the Competition Commission of India (CCI).

from Tech-Economic Times https://ift.tt/jku9pye
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