Competition Commission of India, CCI will facilitate electronic filing of documents with effect from October 1. Speaking to reporters in Mumbai Friday, CCI Chairman Ashok Chawla said the arrangements for e-filing are almost complete and the move will help in faster disposal of merger and acquisition cases. Mr. Chawla said cases for merger and acquisition have been on a rise especially from sectors where there is more economic activity such as pharmaceuticals, mines and minerals, financial, automobile and components. Meanwhile, the CCI Chief noted that only 40-45 per cent cases pertaining to anti-competition were found to be worth carrying forward for probe. Regarding concerns on excessive penalties levied by the CCI, Mr. Chawla said the penalty has to force corporates to change their behaviour and also to serve as a signal to others.
News On AIR | August 24, 2015 8:43 AM
CCI to facilitate E-Filing of documents with effect from Oct 1