9911796707
TMI BlogCompetition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2015X X X X Extracts X X X X X X X X Extracts X X X X ..... ssion of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011 ,- (1) in regulation 5 ,- (a) after sub-regulation (3) the following sub-regulation shall be inserted, namely: - (3A) The parties to the combination shall give notice in Form I or Form II, as the case may be, in accordance with the notes to Form I and Form II issued by the Commission and published on its official website, from time to time. ; (b) in sub-regulation (8), in the second proviso, the words the Central Government or State Government or shall be omitted; (2) in regulation 6 , in sub-regulation (2), for the words two copies , the words one copy shall be substituted; (3) in regulation 8 , in sub-regulation (2), for the words in Form II, as specified in Schedule II to these regulations, duly filled in, verified and accompanied by evidence of requisite fee , the words in Form I or Form II, as decided by the Commission shall be substituted; (4) in regulation 9 ,- (a) in sub-regulation (1), in the proviso, for the words the Company Secretary of the company, duly authorised by the board of directors of the company , the words any person duly authorised by the board of d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mission. ; (c) in sub-regulation (3), for the words has any defects or is incomplete in any respect, the parties to the combination shall , the words is incomplete in any respect, the parties to the combination may shall be substituted; (7) in regulation 17 , the following proviso shall be inserted, namely:- Provided that if the approval of the Commission is conditional upon the parties to the combination carrying out modification to the combination, the proceedings shall terminate upon acceptance of the compliance report by the Commission under regulation 26 of these regulations. ; (8) in regulation 19 ,- (a) in sub-regulation (1), for the words thirty days , the words thirty working days shall be substituted; (b) in sub-regulation (3), the following proviso shall be inserted, namely:- Provided that the time taken in obtaining the information from such enterprise(s) shall be excluded from the time, not exceeding fifteen working days, provided in sub-regulation (1) of this regulation. ; (9) in regulation 30 ,- (a) in sub-regulation (2), for the words may, inter alia, clearly state the words shall clearly state shall be substituted; (b) after sub-regulation (2), the following sub-re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... In India (in INR crore) Worldwide (in USD million) In India (in INR crore) Worldwide (in USD million) Party 1 Party 2 Combined Part V: Summary of the combination 5. A summary of the combination in terms of regulation 13(1A) and regulation 13(1B) of the Combination Regulations must be filed along with the notice. Part VI : Description of the combination 6. Describe the combination by providing information regarding the following: 6.1 Name of the parties to the combination. 6.2 Explain the structure of the combination, including the following [with reference to relevant clause under the agreement(s), where applicable]: 6.2.1 Indicate each step of the combination along with timelines for each milestone of the combination. 6.2.2 Structure, ownership and control, prior to and after the combination, of: (a) the parties to the combination; and (b) for the enterprises, whose structure, ownership and control will be directly or indirectly affected by such combination. 6.2.3 Value of the transaction, i.e., the purchase price (or the value of all assets involved, as the case may be).Specify whether the consideration is in the form of equity, cash, or other assets and provide details. 6.3 Ple ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... engaged in any activity relating to the production, supply, distribution, storage, sale and service or trade in products or provision of services which is at different stages or levels of the production chain in which any other party to the combination is involved. If yes, provide details. 7.5 Do any of the parties to combination have direct or indirect shareholding and/or control over another enterprise(s) engaged in (a) production, distribution or trading of similar/identical /substitutable products or provision of similar/identical/substitutable services; and/or (b) any activity relating to the production, supply, distribution, storage, sale and service or trade in products or provision of services which is at different stages or levels of the production chain in which any other party to the combination is involved ? If yes, provide details. 7.6 Provide a brief overview of the sector(s) to which the combination belongs. Part VIII : Relevant Market(s) 8.1 What, according to the parties to the combination, is the relevant product and geographic market? Provide a detailed explanation regarding the delineation of relevant product and relevant geographic market. 8.2 Whether the part ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ./187-M/15(120)] Note : Principal Regulations were published vide Notification No. F. No. 1-1/ Combination Regulations/2011-12/CD/CCI in the Gazette of India, Extraordinary, Part III, Section 4,dated the 11th May, 2011 and were subsequently amended by,- (a) The Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2012 published vide F. No. 3-1/Amend/Comb. Regl./2012/CD/CCI in the Gazette of India, Extraordinary, Part III, Section 4, dated the 23 rd February, 2012 ; (b) The Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2013 published vide F. No. 3-1/Amend/Comb. Reg l./2012/CD/CCI in the Gazette of India, Extraordinary, Part III, Section 4, dated the 4th April, 2013 ; and (c) The Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2014 published vide F. No. CCI/CD/Amend/Comb. Regl./2014 in the Gazette of India, Extraordinary, Part III, Section 4, dated the 28th March, 2014 . - Notification Tax Management India - taxmanagementindia - taxm ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
