D - Day - June 1, 2011

The much awaited Regulations governing combinations under the Competition Act 2002 have finally been published on the website of the Competition Commission of India. The Regulations shall come into force on June 1, 2011. The Regulations were released after a series of consultative meetings the Commission held over the past few weeks all across the country with various stakeholders and after considering their comments and suggestions. There were a number of concerns raised by the stakeholders relating to the various issues including the time taken for approving a combination, nature of transactions which require prior approval of the Commission, maintenance of confidentiality etc. Sufficient time was spent considering each of these and the consultative process has finally resulted into the current regulations which have finally been released.