Home Acts & Rules Law of Competition Regulation CCI (Procedure In Regard To The Transaction Of Business Relating To Combinations) Regulations, 2011 This
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Regulation 14 - Scrutiny of notice - CCI (Procedure In Regard To The Transaction Of Business Relating To Combinations) Regulations, 2011Extract 14. Scrutiny of notice.- (1) The notice filed under regulation 5 or regulation 8 of these regulations shall not be valid And complete unless it is in conformity with these regulations. (2) The Secretary shall issue an acknowledgement of the receipt of notice. (3) Where the information or document(s) contained in the notice under regulation 5 or regulation 8 of these regulations has any defect(s) or is incomplete in any respect, the parties to the combination shall be asked to remove such defect(s) or furnish the required information including document(s). (4) The Secretary shall place the proof of service of communication as referred to in sub-regulation (3) to the parties to the combination on record. (5) The parties shall comply with the directions as referred to in sub-regulation (3) within the time specified by the Commission and in the case of the notice filed under regulation 5 the time taken by the parties in removing such defects or furnishing the required information including document(s) shall be excluded from the period provided in sub-section (11) of section 31 of the Act and sub- regulation (1) of regulation 19 of these regulations. (6) In case the parties fail to remove the defects or fail to furnish the required information including documents(s), within the time specified, the notice filed under regulation 5 or regulation 8 of these regulations shall not be treated as a valid notice.
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