The suggestion was made during the public consultation process for the draft Bill, the official said.
The Bill has brought in ex-ante (preventive) regulations, which require digital companies to notify the Competition Commission of India (CCI) that they fulfil certain qualitative and quantitative criteria to qualify as Systemically Significant Digital Enterprises (SSDES). SSDES are large digital enterprises with a significant market presence, which have the potential to impact the overall economy and financial stability.
The expert committee that drafted the digital competition Bill felt that it would be prudent to leave out mergers and acquisitions (M&As) from ex-ante obligations.
Denne historien er fra August 23, 2024-utgaven av Business Standard.
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Denne historien er fra August 23, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Used-truck prices spike up to 21%
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FPIs squeeze mkts for a sixth day
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