Changes to Competition Amendment Bill likely next week in Budget session

The panel had said that the MCA had not put forth a strong argument as to why IPR could not be used as a defence against the abuse of a dominant position

The government is likely to introduce changes to the Competition Amendment Bill in the ongoing Budget session of Parliament next week, incorporating some of the parliamentary panel's recommendations, according to a senior official. 

While the Ministry of Corporate Affairs (MCA) has rejected the standing committee on finance’s proposal to allow intellectual property rights (IPR) as a defence against the abuse of dominant position, it has accepted the suggestion to allow cartels to avail of the settlement scheme under the Competition Amendment Bill. 

The panel had said that the MCA had not put forth a strong argument as to why IPR