The nature of CCI regulations
The nature of CCI regulations
In a previous column, we highlighted the importance of the competition authority—the Competition Commission of India (CCI) in the case of this country—signalling its intent through regulations, dialogue and communications with the industry at large. We argued this sets the right expectations and removes uncertainty in the minds of the regulated.
Since the publication of that column (on 5 May), CCI has finalized India’s merger regulations. The regulations were notified by CCI on 11 May and will concurrently be effective on 1 June with their merger control provisions, that is, sections 5, 6, 20, 29, 30 and 31 of the Competition Act. CCI has by and large addressed the concerns of the industry. Through the processes of consultation with industry associations and other professionals, CCI decided to revise its own draft regulations.
Also read | CCI must show its effectiveness
What does all of this mean in the Indian context? Do we know the nature of CCI?
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