The Stage has been set - Merger Regulations under the Competition ActMay 5 2011
Zerick Hosi Dastur of J. Sagar Associates discusses the new merger regulations under the Competition Act, introduced by the Competition Commission of India. Now, transactions which cross the prescribed thresholds of assets and turnover will require prior approval of the Commission.
The merger regulations under the Competition Act of 2002 will finally come into effect from June 1, 2011. This was done after a long wait and amidst opposition from various factions of the industry. Though the Competition Act was enacted in 2002, the provisions relating to anti competitive agreements and abuse of dominance were notified to take effect . . .
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