Taxmann's Analysis | Draft Digital Competition Bill 2024 – A New Era of Regulation for Systematically Significant Digital Enterprises

· Taxmann Publications Private Limited
Ebook
17
Pages
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About this ebook

The MCA vide press release dated March 12, 2024, introduced the draft report of the Committee along with a draft bill on 'Digital Competition Law'. The article aims to analyze the key highlights of the Draft Competition Bill 2024, which include:

‣ Qualitative and Quantitative Criteria for Identifying 'Systematically Significant Digital Enterprises'

‣ 90 Days Period to Notify CCI to Qualify as a 'Systematically Significant Digital Enterprise'

‣ Measures Preventing Service Segmentation to Avoid Thresholds

‣ Prescribes Obligations for 'Systematically Significant Digital Enterprises' and their 'Associate Digital Enterprises'

‣ Measures Against Circumvention of Compliance Obligation

‣ Establishing Transparent and Effective Complaint Handling and Compliance Mechanisms

‣ Avoidance of Favoritism in Product Offerings by 'Systematically Significant Digital Enterprises'

‣ Prohibiting Use of Non-public Data by 'Systematically Significant Digital Enterprises'

‣ Preventing Enterprises from Restricting User Communication

‣ Ensuring Freedom for Users to Use Third-party Apps on Core Digital Services

‣ Settlement and Commitment Procedure for Inquiries Initiated Against Enterprises

‣ Power of the Commission to Regulate its Own Procedures and Conduct Studies

‣ Power of Director General to Investigate Contraventions

About the author

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries and Lawyers. This team works under the guidance and supervision of Editor-In-Chief Mr Rakesh Bhargava.


The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the Six Sigma approach to achieve the benchmark of zero error in publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

• The statutory material is obtained only from the authorised and reliable sources

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