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: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: VAT RATES :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: TDS :: form 3cd :: VAT Audit :: empanelment :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment
 
 
Mergers and Acquisitions »
 Mergers and acquisitions: No need to regulate the non-compete fee
 Sebi tightens rules for mergers & acquisitions among unlisted firms
 The 4 Biggest Trends In Mergers And Acquisitions For 2017
 How to keep calm and carry on during mergers and acquisitions
 Mergers & Acquisitions Advisory Global Market Briefing 2017
 Here Are the 5 Biggest M&A Deals of 2016
 Tech Company Mergers and Acquisitions of 2016
 Why businesses should pursue strategies with mergers and acquisitions, not just transactions
 Mergers and acquisitions deal value hits 5 year high at $61.44 billion in 2016
 2016 mergers and acquisitions in tech: Our top 5 picks
 The five most important lessons about mergers and acquisitions for 2016

Jaitley urges encouragement of mergers and acquisitions of domestic companies
December, 03rd 2014

Union Corporate Affairs Minister Arun Jaitley on Monday urged the encouragement of mergers and acquisitions of domestic companies, adding that the emergence of competition law in India is a reason to cheer.

"People learn from global experience. When our own corporates are of moderate size, mergers, acquisitions and consolidation need to be encouraged to promote size," Jaitley said, while speaking at the International Competition Network (ICN) Merger workshop in the national capital.

"Around 15 years ago, the practice of anti-trust practice and a competition law practice was unknown in this country. It had emerged strongly in developed countries because mergers were taking place; impact of anti-competitive practices was taking place, not only within territorial jurisdiction of states, but it also had a trans-national impact," he added.

Speaking of practices of the past, Jaitley spoke encouragingly of how the mindset has changed from that of decades in the country.

"As a developing economy we were still moderate in our size and we were trying to break away from the shackles of the past thinking, where what was big was considered to be evil. That was the whole hypothesis of the thinking that brought the original MRPP law in India. The thinking was that if you become larger in size, you necessarily will become exploitative and therefore your ability to dominate a market must be corrected at the very threshold. That thinking prevailed for decades in India," he said.

Jaitley also spoke of how the Competition Commission of India (CCI) is becoming 'extremely mature', however adding that the presence of multiple regulators has resulted in issues pertaining to jurisdiction over different turf areas, giving the example of the merger of two telecom companies.

"If two telecom majors are to amalgamate, there will be common turf areas between the telecom regulator and market regulator CCI. Therefore how do you built the jurisdiction of the two? Obviously jurisdiction in this area is emerging," he stated.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

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