Late Friday evening, the Competition Commission of India (CCI) notified changes to its merger control guidelines that came into force of June 1st last year. The new guidelines are expensive- filing fees have increased 40 fold. The new guidelines are confusing- intra group mergers are now exempt but only in some cases involving wholly-owned subsidiaries and the new guidelines are stricter- plugging, filing loopholes in slump sale transactions. But that
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