Who is the head of Competition Commission of India?
Who is the head of Competition Commission of India?
Ashok Kumar Gupta
Competition Commission of India/Chairpersons
Which act has control on competition?
The Competition Act, 2002 [“Competition Act”] was brought into force in order to regulate trade and corporate restructuring practices that threaten competition.
Who is Ashok Kumar Gupta?
Ashok Kumar Gupta is a 1981 Batch IAS officer of the Tamil Nadu cadre. He has had an illustrious career of 40 years in public service spanning across sectors from industry, finance, health to defence production. Before moving to the Centre, he held various positions with the Tamil Nadu Govt. …
What is CCI approval?
The CCI has the power to approve, disapprove or impose modification to a transaction under Section 31 of the Act. Corporate restructuring in the form of M&A often leads to anti-competitive issues.
How is control under competition law in India?
The Competition Commission of India ( CCI ) observed that careful scrutiny needs to be undertaken to differentiate between mere investor protection rights and those resulting in acquisition of control and has concluded that the aforesaid rights could not be considered as mere investor protection rights.
Who is the Competition Commission of India ( CCI )?
cci.gov.in. Competition Commission of India is a statutory body of the Government of India responsible for enforcing The Competition Act, 2002 throughout India and to prevent activities that have an appreciable adverse effect on competition in India.
When did the Competition Act come into force in India?
The Competition Act 2002 (Competition Act) is the principal legislation that regulates combinations (mergers and acquisitions) in India. Sections 5 and 6 of the Competition Act, which deal with the regulation of mergers and acquisitions, have been in force since 1 June 2011.
What is the definition of control in India?
The juxtaposition of contrasting opinions of the Competition Commission of India (CCI) creates an anomaly as to the nature of rights necessary to amount to control.