General

Merger & Acquisitions to get a fillip as CCI facilitates e-filing

Author : NewsGram Desk

By NewsGram Staff Writer

Industry regulator Competition Commission of India (CCI) on Friday said that it will facilitate electronic filing of documents, including approvals of merger and acquisition (M&A) proposals, from October 1.

"CCI will enable e-filing from October 1," CCI chairman Ashok Chawla said at a CII conference in Mumbai.

He also said the CCI and its role would come into sharper focus in the current year which is expected to witness a 20 per cent increase in mergers and acquisitions as compared to the previous year.

"The CCI is not a quasi-judicial body, but a body of experts, and this sets apart its role as a regulator. It is not just about ensuring compliance, but rather about ensuring right 'behaviour', of ensuring that compliance is done keeping the right 'spirit' in mind, and not just the text of the law," he added.

The move assumes significance as it would help the regulator in faster disposal of M&A cases, whose numbers have been on an upward trend.

Subscribe to our channels on YouTube and WhatsApp

Download our app on Play Store

Singapore's ‘Permit Regime’ Undermines the Citizens’ Right to Protest

Poll Shows 63% of Americans Fear AI Could End Humanity as Industry ‘Corruption’ Called Out

Ukrainian Olympian Urges US To Bar Russian Athletes From 2028 Games

New World Map Makes Africa Look Bigger: What’s The Fuss About? Cartographers Explain

Why Strengthening Ties with the Global South was a Top Priority for Putin’s Recent Diplomacy Blitz