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Competition Commission of India (CCI) amends its Combination Regulations - The Proposed amendments provide flexibility to parties regarding signing of the notice & also Form I required to be filed for notifying combination revised.

Dated:- 3-7-2015 - As part of its ongoing and regular efforts to make M&A filing requirements simpler and readily acceptable to various stakeholders, the Competition Commission of India (CCI) has revised its Combination Regulations, making them more forward looking, in keeping with some of the best practices in other jurisdictions. The CCI, at the time of publishing the draft amendments on its website in March, 2015, invited comments from all stakeholders as a part of its consultative proces .....

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ed amendments provide flexibility to parties regarding signing of the notice. Under the present amendments, any person duly authorised by the board of directors may sign the notice. Further, the number of copies of notice to be filed with the Commission has also been reduced. In keeping with the requests received from stakeholders, CCI has also revised Form I required to be filed for notifying combination. In addition to the same, notes to the forms would be published to provide guidance to the .....

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