The Lok Sabha recently passed the Competition (Amendment) Bill, 2022 for stricter compliance. In this context, consider the following statemnets:
1. According to the bill, deals with a transaction value of more than Rs 3,000 crore, will require the approval of the CCI.
2. The bill also proposed to reduce the timeline for the commission (CCI) to pass an order on such transactions from 210 days to 180 days.
3. The bill was introduced in the Lok Sabha in August 2022 and subsequently referred to the Parliamentary Standing Committee on Finance for examination.
Which of the above statements is/are correct?
1
1 only
2
2 and 3 only
3
1 and 2 only
4
3 only