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ARTICLE · 24 JULY 2017

Merger Control Filings Get A Breather!

Enterprises no longer required to notify the Competition Commission of India within 30 days of the trigger event.

IndiaAntitrust/Competition Law
  • Enterprises no longer required to notify the Competition Commission of India within 30 days of the trigger event.
  • Notification to happen any time before consummation of the transaction.

A. Background

In terms of Section 5 of the Competition Act, 2002 ("Act"), every acquisition of control, shares, voting rights or assets of an enterprise or merger or amalgamation of enterprises, where the parties to such acquisition or merger or amalgamation cross the financial thresholds mentioned therein is a combination of such enterprises ("Combination"). The parties to the Combination have to provide a notice to the Competition Commission of India ("CCI") disclosing the details of the proposed Combination ("Notice") within 30 days of the following:

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