The competition watchdog Competition Commission of India, CCI, has ruled out any conflict with SEBI over the recently notified merger and acquisitions norms. It said, the new regime would not clash with the market regulator's takeover code. CCI Chairman Dhanendra Kumar on Monday said in New Delhi, listed companies can hold shareholder meetings and follow Sebi's listing procedures, even while its mergers proposals are being scrutinised by the competition watchdog. Kumar further said Sebi's responsibility is to take care of the interest of shareholders, while CCI's mandate is to safeguard the rights of consumers.He added, routine merger and acquisition deals have been exempted from seeking CCI nod and about 95 per cent of the deals would be cleared within 30 days, while the rest wouldrequire 180 calendar days.Our correspondent reports,the CCI has recently notified Sections 5 and 6 of the Competition Act, according to which all high-value merger and acquisitions with combined turnover of 4,500 crore rupees or more will require approval of the body from June.Further, the minimum fees to be paid to the CCI by the companies would be 50,000 rupees , significantly lower than the originally 40 lakh rupees proposed by the Commission. However, in certain cases the fees could go up to 10 lakh rupees.