Friday, April 15, 2011

CCI GETS POWER TO APPROVE BIG M&As

The Competition Commission of India (CCI) will now be able to vet and approve big mergers and acquisitions in the country, with the government notifying the key provisions of the Competition Act.
The provisions, Sections 5 and 6, would grant the competition watchdog the powers to scrutinize
amalgamation proposals of companies with a threshold of Rs.1,500 crore. The CCI would take a maximum of 180 days to vet mergers.

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