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ARTICLE · 17 APRIL 2013

CCI Eases Norms For M&A

The Competition Commission of India has recently amended the CCI Regulations, 2011 easing norms for certain M&A activity.

IndiaAntitrust/Competition Law

On April 4, 2013, the Competition Commission of India ("CCI") amended the CCI (Procedure in regard to transaction of business relating to combination) Regulations, 2011 ("Merger Control Regulations") easing norms for certain M&A activity. Regulation 4 exempts certain transactions from the radar of CCI. These transactions are listed in Schedule I of the Merger Control Regulations and are "ordinarily not likely to cause an appreciable adverse effect on competition in India." The April 2013 amendment have brought more clarity to Schedule I and will facilitate internal reorganization and restructuring of companies and additional stake acquisition without notifying the CCI. The major changes are:

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