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Shweta Shroff Chopra, Partner, Shardul Amarchand Mangaldas & Co. Comments On Competition (Amendment) Bill 2022

“The amendments formally fix responsibility on facilitators of cartels such as trade associations, agents and even customers if they act as hubs for illegal information exchange. Now, they will be penalised in the same way as the cartelists themselves, which could be up to 10% of average global turnover for the preceding 3 financial years, or 3 times of profit for each year of the continuance of the cartel or 10% of the global turnover for each year of the continuance of the cartel, whichever is higher. It would be interesting to see if this expanded definition also covers AI software offering pricing suggestions.”

Shweta Shroff Chopra


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