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Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2014 - F. No. CCI/CD/Amend/Comb. Regl./2014 - Competition Law
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Combination filing rule: substance over form standard disregards structures avoiding notification; fees and forms updated accordingly. A new sub regulation directs that the filing requirement be determined with respect to the substance of the transaction, disregarding any structure designed to avoid notification. Specified filing fees are increased, regulation 29 and category (10) of Schedule I are omitted, and Schedule II forms are updated to require disclosure of horizontal and vertical overlaps, cross jurisdictional filing status with certified foreign orders, and audited asset and turnover figures for the two preceding financial years while simplifying verification requirements.
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Combination filing rule: substance over form standard disregards structures avoiding notification; fees and forms updated accordingly.
A new sub regulation directs that the filing requirement be determined with respect to the substance of the transaction, disregarding any structure designed to avoid notification. Specified filing fees are increased, regulation 29 and category (10) of Schedule I are omitted, and Schedule II forms are updated to require disclosure of horizontal and vertical overlaps, cross jurisdictional filing status with certified foreign orders, and audited asset and turnover figures for the two preceding financial years while simplifying verification requirements.
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