October 10, 2018 8:19 PM

printer

CCI amends combination rules on withdrawal, refiling of notices for clearance

<span style="color: #222222;">The Competition Commission has amended the combination regulations with regard to withdrawal and refiling of notices seeking approvals to provide faster disposal of merger and acquisition cases. </span><br />'' <br />'' <span style="color: #222222;">Ministry of Corporate affairs in a release said, the provisions of the Competition Act, 2002 relating to the regulation of combinations as well as the Combination Regulations have been in force with effect from 1st of June 2011.</span><br />'' <br />'' <span style="color: #222222;">The Ministry said, a key change brought about by the present amendments is that the parties to combinations can now submit remedies voluntarily in response to the notice issued under Section 29(1) of the Act. </span><br />'' <br />'' <span style="color: #222222;">If such remedies are considered sufficient to address the perceived competition harm, the combination can be approved. This amendment is expected to expedite disposal of such combination cases.</span><br />'' 

Most Read
View All arrow-right

No posts found.