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Corporate Law : Learn about the Ministry of Corporate Affairs' notification enhancing de minimis thresholds under Section 54 of the Competition Ac...
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To give teeth to investor redressal mechanisms, the ministry of corporate affairs is planning to set up an entirely new affiliate office with statutory powers to look into such investor concerns. To be developed on the lines of other MCA subsidiary b
The competition watchdog CCI has proposed setting up of state-level commissions to safeguard interests of small businesses and spread its reach to different parts of the country. The proposal forms part of the recommendations submitted to the Corporate Affairs Ministry on the National Competition Policy (NCP) by the Competition Commission of India (CCI).
DLF, the country’s largest real estate developer, has approached the Competition Appellate Tribunal, questioning the Competition Commission of India’s (CCI’s) powers to initiate proceedings on an issue dating to 2006, much before CCI got its authority to act on such cases. It has also questioned the procedure followed by CCI, citing a CAT precedent.
Corporate affairs minister Salman Khurshid has said the Competition Act amendment bill, seeking to invest the competition watchdog CCI with powers to vet big-ticket takeovers, is likely to be tabled in the Monsoon session.
India Inc has reason to cheer with the Ministry of Corporate Affairs making it mandatory for the competition regulator, the Competition Commission of India, to clear M&A (mergers and acquisitions) proposals in just 180 days compared with 210 days specified earlier.
Big corporate houses in India may not have to live under fear of having to seek the competition watchdog’s approval for every small merger or acquisition in India or abroad. The Competition Commission of India (CCI) is now planning to set a turnover limit of Rs 600 crore and asset-size limit of Rs 200 crore separately for both the acquiring and target company in an M&A deal. While this does help big corporates, it will bring all mid-sized M&A deals under the regulatory ambit.
Notification No. G.S.R. 445(E)-Income Tax In the Competition Commission of India (Return on Measures for the promotion of competition Advocacy, Awareness and Training on Competition Issues) Rules, 2008, in rule 3, for sub-rule (5), the following sub-rule shall be substituted, namely :-
The Institute of Company Secretaries of India (ICSI) has plans to launch post membership qualification (PQM) courses in competition law as well as corporate restructuring and insolvency in the next six months.
The Institute of Company Secretaries of India (ICSI) plans to introduce post membership qualification courses in competition law as well as corporate restructuring and insolvency in the next six months. Addressing reporters here, Anil Murarka, vice president, ICSI said, “We are going to roll out two new courses for our members in the next six months- one in competition law and the other in corporate restructuring and insolvency.”
The Government has informed Lok Sabha that the Competition Commission of India (CCI) has received information under section 19 of the Competition Act, 2002 against some Banks/Housing Finance Institutions with regard to anti-competitive agreements on imposing penalty for pre-payment of home loans.
