10 Sep 2024
Certain provisions of the Competition (Amendment) Act, 2023, with effect from 10 September 2024, revamp the Indian merger control regime. Key amendments include a new deal value threshold, reduced review timelines for the CCI, a derogation for stock market transactions, codification of de-minimis exemption rule, codification of green channel rules, and new exemption criteria for minority acquisitions, incremental acquisitions, demergers, and acquisitions by financial intermediaries. These changes aim to streamline the merger review process and introduce new standards to assess notifiability of transactions.
On 9 September 2024, the Ministry of Corporate Affairs notified certain provisions of the Competition (Amendment) Act, 2023 (Amendment Act) overhauling the merger control regime in India with effect from 10 September 2024. These provisions pertain to:
There is no transitional leeway for the applicability of these provisions, and they would apply to all transactions which will come into effect from and after 10 September 2024 (Effective Date). The new Competition Commission of India (Combinations) Regulations, 2024 (Combination Regulations, 2024) clarify that as on Effective Date:
If you would like to receive content directly in your inbox from our knowledge repository, please complete this subscription form. This service is reserved for clients and eligible contacts.
Under the rules of the Bar Council of India, Trilegal is prohibited from soliciting work or advertising in any form or manner. By accessing this website, www.trilegal.com, you acknowledge that:
We prioritize your privacy. Before proceeding, we encourage you to read our privacy policy, which outlines the below, and terms of use to understand how we handle your data:
For more information, please read our terms of use and our privacy policy.
