CCI notifies revised format of Form II for filing of notice for proposed combinations
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- Last Updated on 4 April, 2022
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NOTIFICATION No. F. No. CCI/CD/Amend/Comb. Regl./2022, Dated 31-03-2022
The CCI has notified the CCI (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2022; substitute the existing form II which is filed for giving notice to CCI for entering into combination. The revised form II is divided into 7 parts. The form itself provides the format for the details to be given w.r.t assets and turnover of the parties to the combination. The revised form captures information in a more structured way.
Discussion Paper on “Review of Redressal and Enforcement Mechanism” dated 31.03. 2022
IBBI has floated a discussion paper to review the existing grievance redressal and enforcement mechanism. Board has proposed 4 amendments in existing mechanism i.e. enlarging the scope of IPAs w.r.t enforcement, examination of a complaint on basis of clarifications and records, Intimation to members of the CoC/AA about outcome of order, revision in timelines of enforcement. Stakeholders can submit their comments in this regard electronically latest by 21st Apr 2022 by visiting the IBBI website.
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