CCI Updates The Guidance Notes To Form I

In August 2019, the Competition Commission of India (CCI) amended the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011 (Combination Regulations) to: (i) introduce an automatic approval route for transactions where there is absence of any horizontal, vertical or complementary overlaps between businesses of the parties (Green Channel Route or GCR); and (ii) provide a substantially revised Form I format with incremental queries (Revised Form I).

In order to clarify the scope of information required to be furnished along with the Revised Form I and illustrate the eligibility criteria for GCR, the CCI published revised guidance notes to Form I on 27 March 2020 (Guidance Note).