Regulation 5 - Invitation of objections and suggestions on proposal for settlement - CCI (Settlement) Regulations, 2024

5. Invitation of objections and suggestions on proposal for settlement. (1) While considering the proposal for settlement, the Commission shall provide an opportunity to the party concerned, the Director General, or any other party to submit their comments, objections, or suggestions, if any, within 21 (twenty one) days. For the said purpose, the Commission would share a summary, not containing any confidential information, comprising of prima facie opinion of the Commission expressed in the order issued under sub-section (1) of section 26 of the Act, findings of the Director General in the investigation report received under sub-section (4) of section 26 of the Act along with details of the competition concerns, alleged contraventions, duly capturing settlement proposal offered by the Settlement Applicant, how they address the competition concerns and any other detail as deemed fit. (2) The comments, objections and suggestions filed by the concerned parties shall contain the following details: a) name and contact details including address, telephone number, email of the concerned party and its authorised representative(s), if any b) statement of comments, objections and suggestions duly authenticated by the authorised representative and supported by relevant documents. c) a summary of the comments, objections and suggestions not running into more than four pages. d) any other information that may assist the Commission in determining the terms of the settlement.