https://www.taxtmi.com/article/detailed?id=12977 Where parties, their group entities and affiliates meet prescribed non-overlap, non-verticality and non-complementarity criteria, they may file a single notice disclosing a proposed combination in the prescribed form and fee; filing and acknowledgement results in the combination being deemed approved. The rules define qualifying parties, group entities and affiliates by ultimate control, group membership, shareholding or voting thresholds, board representation rights, or access to commercially sensitive information. The Commission may declare the deemed approval void ab initio if the combination does not meet the criteria or declarations are materially incorrect or incomplete, after affording parties a hearing. en-us Tue, 01 Oct 2024 14:14:41 +0530 Tue, 01 Oct 2024 14:14:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12977 Where parties, their group entities and affiliates meet prescribed non-overlap, non-verticality and non-complementarity criteria, they may file a single notice disclosing a proposed combination in the prescribed form and fee; filing and acknowledgement results in the combination being deemed approved. The rules define qualifying parties, group entities and affiliates by ultimate control, group membership, shareholding or voting thresholds, board representation rights, or access to commercially sensitive information. The Commission may declare the deemed approval void ab initio if the combination does not meet the criteria or declarations are materially incorrect or incomplete, after affording parties a hearing. Articles Other Topics Tue, 01 Oct 2024 14:14:41 +0530 https://www.taxtmi.com/article/detailed?id=12977