CCI’s Draft Regulations on Turnover Determination
To summarize, the CCI’s draft regulations on turnover determination are pivotal in shaping the penalty framework for anti-competitive practices. By shifting to a ‘global turnover’ basis for penalties, the CCI aims to strengthen its deterrent capabilities. However, this approach has raised concerns about disproportionate financial implications, especially for multinational companies and enterprises with a global presence. The CCI is currently soliciting public feedback to refine these regulations, indicating an effort to balance effective deterrence with fairness and practicality in enforcement.
