CCI proposes amendments to combination regulations
- Posted By
10Pointer
- Categories
Economy
- Published
22nd May, 2020
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- Competition Commission of India has proposed changes to combination regulations to do away with the requirement for disclosing certain non-compete restrictions while seeking the watchdog's approval.
- Combinations -- generally mergers and acquisitions -- beyond a certain threshold need clearance from the regulator under the Competition Act.
- The CCI plans to omit part of the combination regulation that seeks information regarding non-compete restrictions agreed between the parties to combination and justification for the same.
- This would allow the parties flexibility in determining non-compete restrictions, while also reducing the information burden on them.
- The regulator has been looking at non-compete restrictions stipulated in mergers and acquisitions while reviewing combinations. Notifying parties are required to furnish information on non-compete restrictions.
