Merger Control & Regulatory Harmony

Need for alignment of the Competition law and SEBI Takeover code

Listed companies are mostly burdened with a multitude of compliance and disclosure requirements on account of the involvement of public interest. With the notification of the merger control provisions under the Competition Act 2002 (the Act) effective from June 1, 2011 such regulatory hassles may increase. Add to this the conflict in the norms and time periods specified in both the regulations and one can understand the need for alignment of the Competition Act and the SEBI Takeover code.  The exemption provided by the Competition Commission of India (