March 15, 2022
Meghna Joshi
Relevance of Competition Commission of India
The merger control regime in India has completed 10 years of its enforcement and with passing year India has continued to be a preferred nation for strategic investments and M&A. During such times striking balance between a globalised world and new age of digital market is a challenge to us.Back in 2011, the government introduced a small-target / de minimus exemption under which transactions involving smaller companies below a certain limit are exempted from the ambit of it. But again in 2016 it added more companies under its umbrella. This gives a chance for smaller companies to flourish without any limitation as they do not have such impact on the market.
Keeping this disparitybetween the companies and providing immunity to certain companies may cause risk to the market even we can say creating Frankenstein monster in the economy.
We are leaving with a question that working or relevance of Competition Commission of India in merger control regime is a hoax or reality?
