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- An acquisition of shares, control, voting rights or assets by a purchaser approved by the CCI in accordance with section 31 of the Competition Act.
cci.gov.in/combination/combination/filing-of-combination-notice/introduction
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What is a merger notification to the CCI?
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When should a combination be notified to CCI?
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When should a merger notification be filed?
On 7 th March 2024, the Central Government issued a notification exempting any acquisition, merger or amalgamation, if the enterprise being acquired, taken control of, merged or amalgamated has (i) assets not more than INR 450 crore in India, or (ii) turnover of not more than INR 1250 crore in India, from the provisions of the section 5 of the ...
- Frequently Asked Questions I. Combination and ... - CCI
In case of mergers or amalgamations, a notice under Section...
- Frequently Asked Questions I. Combination and ... - CCI
In case of mergers or amalgamations, a notice under Section 6(2)(a) of the Act is required to be filed with CCI within 30 days of the board resolution approving the merger or amalgamation passed by the board of directors of the enterprises concerned with such merger or amalgamation.
Jul 19, 2024 · A brief overview of key procedures and practical considerations surrounding merger notification and clearance in India, including timetables, documentation and sanctions for noncompliance.
Broadly, combination under the Act means acquisition of control, shares, voting rights or assets, acquisition of control by a person over an enterprise where such person has direct or indirect control over another enterprise engaged in competing businesses, and mergers and amalgamations between or amongst enterprises when.
Sep 7, 2023 · A merger notification to the CCI is ordinarily made in a Form I format. However, if the parties’ combined market share exceeds 15% in any horizontally overlapping market or exceeds 25% in any vertically overlapping market, the parties may notify the transaction in Form II.
Competition Commission of India (“CCI”) has issued Revised Guidance Notes to Form I (“Revised Notes”) to align the earlier guidance notes with the amended Form I and facilitate parties for filing the notice before the CCI.
What are the notification requirements for mergers? Mandatory or voluntary Notification to the CCI is mandatory if the jurisdictional thresholds are met (see Question 2, Thresholds) and exemptions are unavailable.
