Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2016
Show AI Summary
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.