The Viewpoint - Anti-trust review of intra-group restructurings

Bar & Bench April 9 2012

By Nandish Vyas and Vijay Manjrekar

One of the significant milestones of 2011 has been the notification of the M&A related provisions of the Competition Act, 2002 (“Competition Act”), through a notification dated March 4, 2011. With this notification, Sections 5, 6, 20, 29, 30 and 31, inter alia, dealing with regulation of ‘combinations’ were brought into force with effect from June 1, 2011. India was one of the last countries amongst Russia, Brazil and China (BRIC nations) to have a comprehensive anti-trust law.

Prior to the Competition Act . . .

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