MCA notifies deal value threshold for mergers under Competition Act

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The Act had received the President’s assent in April 2023.

The accompanying regulations for this provision of the law are expected to be notified by the Competition Commission of India (CCI) soon.

The third criterion is the right or ability to have a representation on the board of directors of the enterprise, either as a director or as an observer.“These provisions were part of the amendments of 2023 but were pending notification.

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Category: BusinessFinance

Markets: IndiaAustriaGermanySouth Korea

Topics: Ministry of Corporate Affairs Competition Amendment Act Merger and acquisition CCI

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 19:22:28 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 501 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 34 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22426037

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