Merger Control in India: Key Provisions and Recent Developments
Sub-Heading 1: Understanding Merger Control in India
Merger control is a set of regulations that govern mergers and acquisitions to prevent the creation of monopolies and ensure fair competition.
In India, merger control is administered by the Competition Commission of India (CCI) under the Competition Act, 2002.
Key Thresholds
Transactions meeting certain jurisdictional thresholds are subject to merger control in India:
- Asset acquisition > INR 1,000 crores (approx. USD 130 million)
- Share acquisition > 25% of voting shares
Sub-Heading 2: Recent Trends in Merger Control
Focus on Digital Markets
The Indian antitrust landscape has shifted its focus to regulating digital markets due to the surge in digital transactions.
The CCI has taken a proactive approach in reviewing mergers involving digital companies to ensure competition and protect consumer interests.
Sub-Heading 3: Key Developments in the Merger Control Regime
The merger control regime in India has undergone significant changes in recent years, including:
- Introduction of a mandatory pre-notification requirement for certain transactions
- Establishment of the leniency program to encourage whistleblower reporting of anti-competitive practices
- Enhanced powers for the CCI to investigate and penalize companies involved in illegal mergers and acquisitions
These developments aim to strengthen the merger control regime and ensure its effectiveness in promoting fair competition.
For more information, refer to the Competition Commission of India's official website.
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