The Ministry of Corporate Affairs (MCA) last week notified provisions in the Competition (Amendment) Act, 2023 where the Competition Commission of India (CCI) can levy penalties based on a company’s global turnover, allowing for a much higher fine.
Against this backdrop, Abhay Joshi, Partner has been quoted in an article titled “New CCI Regulation To Impact Global Multi-Service, Product Firms: Experts” authored by Sheikh Rishad from BW Businessworld.
