Combination Exempted From Reporting Under Combination Regulations In India

Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011 (Combination Regulations) came into force in India on 1st day of June, 2011. The Combinations Regulations were framed by Competition Commission of India (CCI), a statutory body established by the Government of India to keep a check on practices which have an adverse effect on the competitive market in India and to protect the interest of consumers and other market players in India. Combinations Regulations were framed pursuant to Section 6 Regulation of combinations of the Competition Act, 2002 in order lay down the procedural aspect with regards to reporting of Combination to the CCI and the manner in which Combinations will be governed by the CCI.