News & Media 21st Mar 2022
In a pro-business move, the Centre has extended by 5 more years the validity of an existing exemption available to companies as regards notification of prospective mergers to the competition authorities. Against this backdrop, Ravisekhar Nair, Partner at Economic Laws Practice (ELP) has been quoted by BusinessLine in their article titled ‘30-day notification rule waiver extended till 2027’.
Ravisekhar Nair is of the opinion that this is a continuity measure. He further adds that this essentially recognizes the commercial reality that parties who need the secure the mandatory approval from CCI for their transaction will in any event act in a prudent, compliant and time bound manner.
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