After months of waiting, we can finally declare the game is open and say let the competition begin.
After months of waiting, we can finally declare the game is open and say let the competition begin. Now I know that is cheesy but last week the Ministry of Corporate Affairs notified Sections 5 & 6 and others of the Competition Act 2002 bringing into effect the much dreaded Merger Controls that will regulate mergers and acquisitions (M&A) and combinations and deals that may result in an Appreciable Adverse Effect or AAE on competition in the country.
Now last week as well, the Competition Commission also put out new draft guidelines and proposed raising threshold limits by 50%, a pre-merger consultation process, an endeavor to reduce the response time and fees ranging from Rs 10 lakh to 40 lakh. So the big question, do the oncoming Merger Controls balance India Inc