Union Finance Ministry has constituted nine-member Competition Law Review Committee to ensure that legislation is in tune with changing business environment.
It will be chaired by chaired by Corporate Affairs Secretary Injeti Srinivas.
It includes Insolvency and Bankruptcy Board of India (IBBI) Chairperson M S Sahoo and Competition Commission of India (CCI) Chairperson as members.
The Competition Act was passed in 2002 and Competition Commission of India (CCI) was set up in 2009.