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        Law of Competition

        Regulation 27 - Appointment of independent agencies to oversee modification

        CCI (Procedure In Regard To The Transaction Of Business Relating To Combinations) Regulations, 2011

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        Independent agency oversight for merger modification ensures supervised implementation and reporting obligations by appointed professionals. The Commission may appoint independent agencies to supervise implementation of modifications to proposed combinations, selecting independent accounting firms, consultancies, law firms or reputable practitioners free of conflicts of interest. Appointees must perform responsibilities specified by the Commission, submit a report upon completion of each required action, and receive payment from the parties to the combination by deposit with the Commission or as directed by the Commission.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Independent agency oversight for merger modification ensures supervised implementation and reporting obligations by appointed professionals.

                              The Commission may appoint independent agencies to supervise implementation of modifications to proposed combinations, selecting independent accounting firms, consultancies, law firms or reputable practitioners free of conflicts of interest. Appointees must perform responsibilities specified by the Commission, submit a report upon completion of each required action, and receive payment from the parties to the combination by deposit with the Commission or as directed by the Commission.


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