5^th Floor, A-Wing, Shastri Bhawan,

New Delhi-110 001.

Dated: 13.11.2000

It may be recalled that the High-Level Committee on Competition Policy and Law constituted by the Central Government submitted its Report to the Central Government some time back. Based on the recommendations of the said Committee, a Draft Concept Bill of the proposed Competition Law has been prepared.

2. Minister of Law, Justice & Company Affairs and Shipping Shri Arun Jaitley, has desired that the Draft Concept Bill be placed on the website of the Department of Company Affairs (DCA) and comments and suggestions of all concerned – including trade and industry; academicians and researchers; consumer groups and interested persons -- be obtained. Such suggestions would be useful in finalising the Draft Competition Bill before introduction in the Parliament during the ensuing winter session.

4. All concerned are requested to send their comments and suggestions to the Department of Company Affairs within a period of 10 days.

Secretary to the Government of India

Endt. No.5/23/2000-IGC Dated : 13.11.2000

Copy forwarded to Shri M.Y Siddiqui, Information Officer, PIB, Shastri Bhawan, New Delhi with the request that he may kindly arrange to give wide publicity to this Press Note through Radio, TV and Press.

Director

Ph:338 9602

Copy to Shri Md. Amir, NIC, DCA, Shastri Bhawan along with a copy of the Internet Circular of even number dated 13.11.2000 and soft copies of the Draft Concept Bill. It is requested that the Draft Concept Bill on Competition Policy and Lay may kindly be prepared and exhibited on the internet today itself (13.11.2000)

This Press Note may also kindly be exhibited on the DCA-Website.

Director