With the establishment of the Competition Commission of India (CCI) in March 2009, India became one of the youngest competition-conscious nations worldwide. In its 13 years as a watchdog of India’s industry, the CCI has to its credit the 1,200 cases it heard, 900-odd M&A clearances, and a 30-day clearance average time—proof of the regulator holding its own against global benchmarks. It has also been innovative in introducing green channel initiatives and regularly updating the regulations basis stakeholder’s suggestions. The CCI has set up a unique digital unit to demystify all complexities in the digital domain and thereby bring in the desired changes to the Competition Act, which is more flexible than other regulatory-centric legislation in India.
Please click here to read the full article by Sidharrth Shankar and Vaibhav Choukse, published in Financial Express.
Sidharrth is the Co-Chair of the Corporate Practice at JSA. He specializes in General Corporate Commercial, Mergers & Acquisitions and Private Equity.