CCI to approve bulk of M&A proposals in month
Facebook Twitter google+ RSS Feed

CCI to approve bulk of M&A proposals in month

Monday, 29 November 2010, 17:57 Hrs
Printer Print Email Email
New Delhi: Competition watchdog CCI today said that it would try to approve 95-96 per cent of the merger and acquisition proposals within a month of the filing.

"Our attempt in the new competition regime would be to ensure that vetting is done as soon as possible. 95-96 per cent proposal would be cleared in 30 days. Few will only take longer," CCI Chairman Dhanendra Kumar said at an Assocham event here.

Sections 5 and 6 of the Competition Act 2002 would empower the Competition Commission of India (CCI) to approve high voltage takeovers and mergers, which could have a bearing on competition in the market.

Kumar said that as mergers and acquisitions were important for the economy, the Commission's intention was not to retard growth but promote it.
Source: PTI
Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset
SPOTLIGHT