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'
