The government appears to be delivering on its poll promise of merging tribunals. As the inter-ministerial group under the Modi government concluded, a need was felt for streamlining the functioning of tribunals. While all sides agree on the need for reform, the shape and form of the changes proposed in the Finance Act 2017 have resulted in heated debates.
It's been a parliament session of half measures- the most successful was the banking amendment Bill that cleared both houses albeit with some changes.
An MCA panel headed by Dhanendra Kumar, the former CCI Chairman has finalised the draft Competition Policy, reports CNBC-TV18 Malavika Jain.
In the long-running tussle between the National Stock Exchange (NSE) and its younger rival MCX-SX, the Competition Commission is believed to have penalised NSE for abusing its dominant market position.
The government has set up a new 4 member-panel to frame a national competition policy under the chairmanship of Dhanendra Kumar, the former chairman of the Competition Commission of India. This committee will study the impact of the government's policies on the competitive forces and competition culture in India.
The Delhi High Court on Tuesday asked Competition Commission to provide the NSE by friday its complete order including views of members dissenting with the majority ruling that held the bourse guilty of abusing market dominance.
One may consider May 31 as an auspicious day for mergers and acquisitions, however, India Inc is rushing to complete the deals before the new merger control norms come into effect on June 1. All companies will need CCI approval before finalising a combination agreement, reports CNBC-TV18’s Malvika Jain.
The Competition Commission of India (CCI) has notified the regulations for mergers and acquisitions that require corporate houses to seek its approval before going in for high-value deals.
The government has notified sections five and six of Competition Act giving a major fillip to Competition Commission of India.