Corporate affairs ministry has proposed to provide chairman of Competition Commission of India (CCI) with powers to approve search and seizure activities related to probes in cases involving unfair business practices.
The proposal is part of the The Competition (Amendment) Bill, 2012.
However, Yashwant Sinha-headed Standing Committee on Finance in its report on the Bill has said that status quo should be maintained on the issue.
At present, for carrying out such activities CCI's Director General (DG) has to approach Chief Metropolitan Magistrate, Delhi.
The Bill also provides that search and seizure shall be subject to the provisions of Code of Criminal Procedure, 1973.