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    Central Government hereby appoints Ms. Anita Kapur, as Member of the Competition Appellate Tribunal, with effect from the 10th May, 2016
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    Appointment of Tribunal Member: Ms Anita Kapur appointed under Competition Act with tenure until age sixty-five.
    The Central Government, under section 53C read with section 53F of the Competition Act, 2002, appoints Ms. Anita Kapur as Member of the Competition Appellate Tribunal effective from the afternoon of 10th May, 2016; the appointment is until she attains the age of 65 years or until further orders, and her service terms are governed by the Competition Appellate Tribunal Rules, 2009.
    CCI enhances, on the basis of the wholesale price index, the value of assets and the value of turnover, by hundred per cent
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    Adjustment of asset and turnover thresholds via wholesale price index increases values for application of section 5 merger provisions.
    Central Government, in consultation with the Competition Commission of India and under sub-section (3) of Section 20 of the Competition Act, 2002, enhances the value of assets and value of turnover on the basis of the Wholesale Price Index for the purposes of Section 5 of the Act, effective from the date of publication of the notification in the Official Gazette.
    CCI Exempts an enterprise, whose control, shares, voting rights or assets are being acquired has either assets of the value of not more than rupees three hundred and fifty crores
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    Combination exemption for small target enterprises, temporarily relieving certain acquisitions from merger provisions under notification.
    Notification exempts enterprises being acquired from section 5 of the Competition Act, 2002 where the target has either assets up to rupees three hundred and fifty crores in India or turnover up to rupees one thousand crores in India; the exemption covers acquisitions of control, shares, voting rights or assets and was granted for five years from publication, and was later rescinded by a subsequent statutory order.
    CCI exempts the ‘Group’ exercising less than fifty per cent of voting rights
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    Exemption for groups with minority voting control from Section 5 obligations, temporarily removing combination scrutiny.
    The Central Government exempts a Group exercising less than fifty per cent of voting rights in another enterprise from the provisions of section 5 of the Competition Act, 2002, under clause (a) of section 54, effective from publication in the Official Gazette for a period of five years.
    U/s 54 of the Competition Act, 2002 Central Government, exempts the Vessels Sharing Agreements of Liner Shipping Industry from the provisions of section 3 of the said Act, for a period of one year
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    Vessels Sharing Agreements exemption permits liner shipping cooperation temporarily, subject to bans on price fixing and required filings.
    The Central Government temporarily exempts Vessels Sharing Agreements in the liner shipping industry from section 3 of the Competition Act, subject to prohibitions on price fixing, capacity limitation, and market or customer allocation; the Director General, Shipping will monitor such agreements and operators must file copies and related documents within the notification's specified timeframes.
    Appoints Shri Devender Kumar Sikri as the Chairperson of the Competition Commission of India
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    Appointment of Chairperson under Competition Act: office begins with a fixed tenure and rule governed service conditions.
    The Central Government appoints the Chairperson of the Competition Commission of India under section 8(1) read with section 10(1) of the Competition Act, 2002, effective from the specified afternoon of January eleventh, two thousand sixteen for a tenure of five years, subject to earlier cessation on reaching the prescribed age limit or until further orders; terms and conditions are governed by the Competition Commission of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and other Members) Rules, 2003.
    Competition Commission of India (salary, allowances, other terms and conditions of service of the Secretary and officers and other employees of the Commission and the number of such officers and other employees) (Second Amendment) Rules, 2016
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    Remuneration and deputation eligibility updated for Private Secretary and stenographer posts, clarifying service requirements under Commission rules.
    The amendment revises Schedule I by increasing the grade pay for the Private Secretary post within Pay Band-2 and replacing the previous general deputation/absorption provision with role-specific eligibility: deputation/absorption is limited to officers holding the post of stenographer in government, PSUs, autonomous or regulatory bodies who either hold analogous posts on a regular basis or are stenographers Grade I in Pay Band-2 with the requisite regular service in the grade.
    The Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2016
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    Public announcement deemed 'other document' alters combination filing verification and notice validity procedures under Competition Act regulatory framework.
    Regulations amend combination procedure by removing specified verification language and substituting attestation-style declarations in Forms I-III; deeming SEBI takeover public announcements to be the "other document" for notification; substituting "company" for prior board-specific references; deleting inter-dependence language and a prior regulation; clarifying that certain minority acquisitions are treated solely as investment subject to non-participation and non-nomination conditions; and providing that the Commission may hear parties before invalidating a notice and exclude the validity-proceedings period from statutory timelines.
    Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2016
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    Combination filing procedures updated: verification removed, takeover announcements treated as supporting documents, and hearing rights clarified.
    Procedural amendments remove specified verification wording, deem certain securities takeover public announcements as acceptable supporting documents, allow the Commission to hear parties before invalidating a notice and exclude that period from statutory decision timelines, omit one regulation, treat small share acquisitions as investments subject to limits on board participation and control rights, delete a prior gross acquisition cap, and replace form verification blocks with a standard declaration acknowledging truthfulness and awareness of statutory provisions.

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      Law of Competition

      Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2016 - ADVT. III/4/Exty./314 - Competition Law

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      Combination filing procedures updated: verification removed, takeover announcements treated as supporting documents, and hearing rights clarified.
      Procedural amendments remove specified verification wording, deem certain securities takeover public announcements as acceptable supporting documents, ... Summary

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      ActsIncome Tax