Competition Commission: Delays in Merger Control

[Posted by Umakanth Varottil]

Although the Competition Commission is expected to become functional soon, it appears from press reports that its role pertaining to merger control will commence only in due course and not immediately. The draft of the Competition Commission of India (Combinations) Regulations (discussed earlier on this Blog) is still subject to discussion and finalisation. Until then, M&A transactions, whether local or global (having an impact on India), will not be bound any general competition law or merger control restrictions.