Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT Audit :: due date for vat payment :: articles on VAT and GST in India :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: form 3cd :: list of goods taxed at 4% :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: cpt :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« Mergers and Acquisitions »
 Deals of the day-Mergers and acquisitions Apr 27, 2017,
 GAVS Tech eyes to double revenue from mergers & acquisitions
 New Indirect Tax Regime: Homebuyers and renters keeping fingers crossed on GST impact
 Hitachi India appoints Bharat Kaushal as managing director
 RBI issues new draft rules for M&As
 The 12 digital health mergers and acquisitions of Q1 2017
  Deals of the day-Mergers and acquisitions Apr 19, 2017
 Deals of the day-Mergers and acquisitions Apr 19, 2017
 Foreign investors giving M&A deals in India’s renewable energy sector a miss
 Mergers and acquisitions are getting riskier as insurance claims rise
 The Financial Times started a mergers and acquisitions newsletter for its highest-paying subscribers

Govt Assures Confidentiality on M&A Proposals
December, 01st 2009

The government has assured India Inc that while clearing mergers and acquisitions proposals the Competition Commission (CCI) will keep this information confidential.

"We have to ensure confidentiality (on M&A applications)," Corporate Affairs Minister Salman Khurshid told a news agency when asked about the concerns expressed by industry over notification of Sections 5 and 6 of Competition Act dealing with mergers and acquisition.

Once the sections are notified by the government, companies will have to seek approval of the Competition Commission (CCI) before going ahead with the proposal. The CCI will have 210 days to take a call on the applications.

The 210-day period, the industry feels, is quite long as there is a possibility of confidential information leaking to rivals or media.

Any merger that increases the combined assets of the two entities to over Rs 1,000 crore or raises the turnover to Rs 3,000 crore requires the CCI's approval.

In May this year, the government had empowered the Commission to take up cases pertaining to anti-competitive agreements and abuse of dominance. The CCI is authorised to entertain cases pertaining to abuse of dominance and formation of cartels.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

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