sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Mergers and Acquisitions »
 Deals Of The Day-Mergers And Acquisitions October 16, 2018
 A stabilizing Indian economy driving M&A deals in India
 India may miss target of auctioning solar, wind capacities in FY19
 To simplify filing requirements for mergers, acquisitions CCI revises Combination Regulations
 Deals Of The Day-Mergers And Acquisitions October 9, 2018
 Deals of the day-Mergers and acquisitions October 4, 2018
 M&As poised to cross $100 billion-mark in 2018
 India rivals China on inbound M&A for first time in a decade
  Why 2018 may become a blockbuster year for mergers and acquisitions
 High Court stays action against some exporters for wrongly availing GST benefits
 Revamping direct tax law can usher in positive changes for M&As
 Deals Of The Day-Mergers And Acquisitions October 1, 2018
 Deals of the day-Mergers and acquisitions September 25, 2018
 India Inc witnesses record mergers and acquisitions worth above $100 billion this year

To simplify filing requirements for mergers, acquisitions CCI revises Combination Regulations
October, 11th 2018

In order to simplify the filing requirements for mergers and acquisitions (M&A) and expedite their disposal, the Competition Commission of India (CCI) on Wednesday said it has revised its Combination Regulations.

The amendment will now allow combining parties to submit remedies in response to the show-cause notice issued on apprehension of adverse impact on competition.

"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.

"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," the CCI said in a statement.

As per Section 29(1) of the Competition Act, 2002, the Commission can issue a show-cause notice to the combining parties if it views the merger will have an adverse effect on competition. The parties are to respond within 30 days of the notice.

"CCI India amends the Combination Regulations vide notification dated October 9, 2018, to provide certainty and transparency and to expedite faster disposal of combination cases," the fair trade regulator said in a tweet.

In another significant amendment, parties to combinations are allowed to withdraw the notice where it is found to exhibit significant information gaps and refile the same.

"With this amendment, the parties could address the deficiencies without facing an invalidation by CCI. Further, fee already paid in respect of such notice shall be adjusted against the fee payable in respect of new notice, if the refiling is done within a period of three months," it said.

Besides, certain consequential and other clarificatory changes have also been made in the Combination Regulations, CCI said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions