On May 20th, Ms. Ravneet Kaur (1988-batch Punjab cadre IAS officer), the Chairperson of the Competition Commission of India (CCI), stated that the body is in the process of notifying the new merger control regulations. The revamped merger control regulations are expected to operationalise the deal value-based threshold for notifying transactions.
After consulting with the public and other viable authorities, the CCI has introduced various regulations, including settlement and commitment mechanisms; turnover and income; and leniency plus. The introduction of settlement and commitment, deal value threshold for notifying mergers and acquisitions, hub and spoke cartels in the statute book and the innovative concept of leniency plus are designed to address the complexities of modern markets.
