Do It Yourself (DIY) : Notifiability Check for Mergers & Acquisitions under Competition Act, 2002

Competition Commission of India (CCI) launched Online Guidance System for determining notifiability of merger & acquisitions (combinations) in terms of Competition Act. Guidance System is named as “Do It Yourself (DIY) : Notifiability check for mergers & acquisitions under Competition Act, 2002”

Combination Regulation under Competition Act, 2002
  • Online guidance system is launched as part of CCI՚s outreach initiatives & measures to simplify compliance requirements regarding combinations.
  • Interactive online application is developed based on relevant provisions of Competition Act, 2002, relevant regulations issued thereunder & exemption notifications issued by Ministry of Corporate Affairs.
  • Application envisages staged process to guide stakeholders in determining whether merger⟋acquisition is notifiable to CCI.
  • DIY toolkit is accessible at Click here for more information

Competition Commission of India

  • It is statutory body of GoI responsible for enforcing Competition Act, 2002 throughout India & to prevent activities that have appreciable adverse effect on competition in India.
  • It was established on 14th October 2003. It became fully functional in May 2009.
  • Objectives of Act are sought to be achieved thru CCI, which was established by Central Govt. w⟋effect from 14th October 2003.
  • It is duty of Commission to eliminate practices having adverse effect on competition, promote & sustain competition, protect interests of consumers & ensure freedom of trade in markets of India.
  • Commission is required to give opinion on competition issues on reference received from statutory authority established under any law & to undertake competition advocacy, create public awareness & impart training on competition issues.

Examrace Team at Aug 21, 2021