Mergers And Acquisitions and Incompetency of Competition commission of India in Its Regulations

Mr. Lokesh kumar, Ms. Rakeshita Shastri
DOI:

Abstract

India made its own Competition Law in the year 1969 named MRTP Act, 1969. But it was not fulfilling the need of India, so a new Act came into force in the year 2002 named as the Competition Act, 2002. Mergers and Acquisitions are provided under the name combination as given under the section 5 of the Competition Act, 2002 and the provisions for its regulation is given under the section 6 of the Act. These provisions were added to the Act in the year 2007. Powers and Duties of the Competition Commission of India (CCI) is given under the Chapter IV of the Act. But all these provisions are not making the CCI completely competent in the regulation of combinations. So, this article is also dealing with the incompetency of CCI in the regulation of combinations as well.

Keywords

Merger, Acquisition, Combination, Competition Commission of India, Appreciable Adverse Effect on Competition (AAEC)