Need of strengthening SHG-led FNHW interventions Stressed (See 'Corp Brief') Santosh Kumar Takhele takes addl charge as Regional Executive Director, NTPC (See 'Corp Brief') IPR - Franchise India can't be allowed to pass off their products as that of Rasna's, since it may confuse members of trade and also of general public involved: HC (See 'Legal Desk') Scindia interacts with Postal and Sorting Assistants for spirit of 'Dak Sewa, Jan Sewa' (See 'Corp Brief') ESIC launches SPREE 2025 to expand Social Security Coverage (See 'Corp Brief') FERA - No penalty can be levied if therre is no default in realization of export proceeds: SAFEMA (See 'Legal Desk') CCI again penalises Federation of Publishers' and Booksellers' Association (See 'Corp Brief') CCI approves acquisition of equity in NACL Industries by Coromandel International (See 'Corp Brief') Hardeep Puri highlights LPG Connections and Oil & Gas Reforms (See 'Corp Brief') Arbitration and Conciliation Act 1996 - 613-day delay in filing appeal can be condoned where no valid explanation is given for this inordinate delay: HC (See 'Legal Desk') CCI nod for investment by British International in ReNew Photovoltaics (See 'Corp Brief') CCI okays acquisition of shares of Billionbrains Garage Ventures by Viggo Investment (See 'Corp Brief') IBC - Request for timeline for disbursal of claim in form of query, rather than request for information u/s 2(f) of RTI Act, is not permitted: IBBI (See 'Legal Desk') Pondicherry Univ launches Governance Cell to inspire Next-Gen Public Leaders (See 'Corp Brief') MoS discusses Coastal Action Plan, Deep Ocean Prospects in Puducherry (See 'Corp Brief') IPR - Controller of Patents must clearly specify in hearing notice 'known substance' against which claimed invention of applicant is being assessed: HC (See 'Legal Desk') MoU signed to develop MY Bharat 2.0 Platform (See 'Corp Brief') 8th National Level Steering Committee meeting of Atal Bhujal Yojana held (See 'Corp Brief') SARFAESI - If borrowers have already availed remedy u/s 17 and secured creditor has no other alternative remedy, then creditor can avail remedy of petition under Article 227: HC (See 'Legal Desk') Centre issues Model Rules to States to aid Ease of Doing Business in Agroforestry (See 'Corp Brief') We have to make cycling trend in this modern generation: Mandaviya (See 'Corp Brief') Arbitration & Conciliation Act - Commercial Court not justified in refusing to release 25% of arbitral award to petitioner-company solely due to its change of name: HC (See 'Legal Desk') Sonowal hails Brahma Kumaris for 50 years of spiritual service and human upliftment (See 'Corp Brief') CEA organises All-India Electrical Safety awareness programme (See 'Corp Brief') SEBI - Delay in filing appeal not condonable where facts reflect that appellant was clearly aware of proceedings commenced by SEBI but did not prosecute appeal: SAT (See 'Legal Desk') Why Family Businesses in India Are Losing Their Own Bloodline (See CORP EINSICHT)

CCI revises guidance notes to Form 1

Published: Mar 28, 2020

By TIOLCORPLAWS News Service

NEW DELHI, MARCH 28, 2020: THE Competition Commission of India (CCI) has revised guidance notes to Form I with a view to incorporate the changes made in Green Channel. The revised Form I, under the Green Channel, will be used to file the notice under Section 6(2) of the Competition Act, 2002 (Act) and Regulation 5(2) of the Combination Regulation.

The guidance notes provide the scope of information and documents to be submitted along with the form. It also provides clarification regarding eligibility criterion for Green Channel. The CCI issues guidance notes for parties to facilitate them to make a filing before it.

As part of its ongoing and regular efforts to streamline M&A filings process and make it simpler and faster, in August 2019, the CCI introduced an automatic system of approval for combinations under Green Channel and revised Form I to file the notice under Section 6(2) of the Competition Act, 2002 (Act) and Regulation 5(2) of the Combination Regulation.

In case of any other guidance on the information requirement in the Form I, the parties may request Pre-Filing Consultation (PFC) with the officers of the CCI. The parties are encouraged to seek PFC as per the guidelines available on the CCI’s website.

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