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 :: form 3cd :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: due date for vat payment :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: empanelment
« Mergers and Acquisitions »
 In M&A, ratings soft-pedal risks in borrowing binge
 Harvard Business School To Examine Mergers And Acquisitions In New Executive Education Program
 India Inc In Deal-Making Mode; Mergers & Acquisitions Lead The Way
 S&P 500 Futures Rally on Major Mergers and Acquisitions
 The Role Of Brand In Petroleum Mergers And Acquisitions
 Mergers and Acquisitions: What Happens After the Announcement?
 Agency mergers and acquisitions continue to be strong for first-half 2016
 The Intricacies Of Financial And Legal Relationships In M&A
 3 integration considerations for Mergers & Acquisitions
 Mergers and acquisitions take centre-stage as funding for start-ups dries up
 Mergers and Acquisitions reach highest quarterly value in India

Small M&As may get out of CCI ambit
May, 24th 2010

Big corporate houses in India may not have to live under fear of having to seek the competition watchdogs approval for every small merger and acquisition (M&A) in India or abroad.

The Competition Commission of India (CCI) is now planning to set a turnover limit of Rs 600 crore and asset size limit of Rs 200 crore separately for both the acquiring and target company in an M&A deal. The Competition Act prescribes the minimum India presence or territorial nexus only for the combined entityRs 500 crore assets and Rs 1,500 crore turnover.

The separate thresholds for the acquiring and target companies are now being specified by the Commission under the M&A regulations to be notified shortly. This would help big corporates but would bring all mid-sized M&A deals under the regulatory ambit.

The Act, as it stands now, does not specify separate limits. This had led to big corporate houses such as Tatas, Mahindras and Bharti, among others getting jittery about delays and bureaucratic hassles because the Act allows the regulator as many as 210 days for clearing an M&A proposal.

The competition regulator has, over the last several months, assured the industry that companies with asset value or turnover lower than the limits that are set, would be cleared through a faster clearance route. Having decided on these limits, the government is now finally set to notify the sections that will lay the ground rules for mergers and acquisitions and combinations.

Strong lobby by India Inc had ensured that the government did not notify Section 5 and Section 6 of the Competition Act that relate to M&As and combinations. Sources in the ministry of corporate affairs told The Indian Express that putting such limits will quell the apprehensions of the industry.

The government had last May notified Section 3 and Section 4 of the Act that pertain to abuse of dominance and anti-competitive practices. All major industry chambers such as the Confederation of Indian Industry and Ficci had voiced concerns against the sections 5 and 6 in their original form, terming these as regressive.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Contact 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