Jumping the gun under the merger control regime in India

Posted by Lexology

Jumping the gun under the merger control regime in India

By Ajay Goel and Subodh Prasad Deo (Saikrishna & Associates) 

Merger control regime in India provides for a suspensory regime wherein the ‘combinations’ (i.e. the notifiable transactions under the provisions of Section 5 of the Act) cannot be implemented unless approved by the Competition Commission of India (CCI) or expiry of the 210-day review period following notification.[1] Failure to notify a reportable combination and consummating the deal may expose the parties to a penalty which may extend u…

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