Law and statutory body

Competition Act, 2002 and Competition (Amendment) Act, 2023

GS3 Indian EconomyGS2 Statutory bodiesPrelims and Mains

In the news since 9 February 2026

Why in news
On 9 February 2026, the Ministry of Corporate Affairs told Lok Sabha that CCI registered 54 antitrust matters and received 149 merger filings in 2025, and listed reforms under the Competition (Amendment) Act, 2023.
What it is
The Competition Act, 2002 prohibits anti-competitive agreements and abuse of dominance, and regulates mergers (combinations). It is enforced by the Competition Commission of India, which replaced the MRTP Commission. The 2023 amendment updated the law for digital markets and faster enforcement.
Penalty basis
The 2023 amendment allows penalty to be calculated on global turnover of the person or enterprise.
Merger review time
The time limit for approval of combinations was cut from 210 days to 150 days.
Green Channel
The Green Channel route gives deemed approval of a combination on filing notice with CCI.
Penalty guidelines
CCI notified the Determination of Monetary Penalty Guidelines, 2024 giving a detailed penalty methodology.
Legal basis
CCI is a statutory body set up under the Competition Act, 2002; it replaced the MRTP Commission.

Don’t confuse with MRTP Act vs Competition Act: MRTP Act, 1969 controlled monopolies and restrictive trade practices; the Competition Act, 2002 replaced it with a focus on promoting competition.

Don’t confuse with Antitrust vs combination: Antitrust covers anti-competitive agreements and abuse of dominance; combinations are mergers, acquisitions and amalgamations above thresholds.

Laws, judgments and statutory bodies: 30 Prelims questions since 2013 (what the law says, who chairs, legal basis). In Mains, 44 news-triggered questions, most in GS2, asking for provisions and challenges.

Test yourself

Worth revising until Prelims 2027: most news questions come within two years of the event.

Each time it was in the news

  1. 9 February 2026

    On 9 February 2026, the Ministry of Corporate Affairs told Lok Sabha that CCI registered 54 antitrust matters and received 149 merger filings in 2025, and listed reforms under the Competition (Amendment) Act, 2023.