THE GOVERNMENT IS set to allow the Competition Commission of India (CCI) to take decisions on mergers and acquisitions (M&As) with its current board strength of two, pending the regulator reaching the quorum of three members. This will be done by invoking the doctrine of necessity clause, which gives the government overarching powers to take measures that may not be part of the law concerned, but it could still use at a particular time to deal with an exigency or restore stability.
A notification to this effect may be issued soon so that the regulator could start clearing deals from this week itself, according to official sources.
M&A deals with combined transaction value of more than ₹10,000 crore are pending CCI approval for its lack of quorum.
Industry has expressed concerns over the situation, and cited that even some foreign direct investment proposals are hanging fire due to the regulatory delay.
The commission has been without a full-time chairperson since the retirement of Ashok Kumar Gupta on October 25, 2022.
この記事は Financial Express Mumbai の February 06, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は Financial Express Mumbai の February 06, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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