The New Merger Control Regulations in India

Satish Kumar, Head Legal, Polaris Software, India

From June 1, 2011, the Competition Commission of India (CCI) will have the power to intervene in all major mergers and acquisitions in the country. It has become mandatory for the corporate to notify transactions to obtain clearance from the CCI prior to closing the deal. The (Indian) Competition Act, 2002 (‘Act’) was enacted in January 2003 but its implementation was delayed due to legal challenges followed by the process of amendments to the Act. The Act’s provisions against anti-competitive agreements and abuse of dominance were implemented with effect from May 20, 2009, but commencement of the merger regulation had been put off to a later date.

Read full paper Subscribe to the IICJ
India Mergers & Acquisition IT July 2011 Vol. 4, No. 16, Summer 2011

Satish Kumar

More

Expertise in drafting and Negotiating Software Contracts worth 200 Mn USD – Service, Software License and Maintenance Agreements for Products, Lease Agreements, Lease Abstracts, Cross Border Share Purchase/Sale Agreements, Escrow Agreements, Purchase, Sale and Joint Venture Agreements and comply with company policies and risk tolerance. Experience in Managing IPR, Confidentiality Clause and other Legal Clauses in a Contract. Coordinating with statuary bodies.

Polaris Software

More

Polaris Software Lab is a recognized global leader in providing total solutions through right mix of Consulting, Products and Outsourcing solutions to BFSI and non-BFSI Companies worldwide.

India Mergers & Acquisition IT July 2011 Vol. 4, No. 16, Summer 2011
rolex