An Indian government panel on antitrust regulation has recommended faster clearances for mergers and acquisitions that do not stifle competition, but is silent on the curbs placed on e-commerce companies last year.
The Competition Law Review Committee, led by Corporate Affairs Secretary Injeti Srinivas, on Wednesday, August 14, submitted the recommendations on revamping antitrust regulation to Nirmala Sitharaman, who heads the ministry. An official statement said the panel has proposed “a green channel” for quicker clearance of a “vast majority of M&As that may have no major concerns regarding appreciable adverse effects on competition.”
It also stated that M&As arising from restructuring of bankrupt companies under the bankruptcy code are also eligible for faster clearance.
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