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Indian Economy

Green Channel for Mergers and Acquisitions

  • 20 Aug 2019
  • 1 min read

The Competition Commission of India has introduced a green channel route for clearing certain categories of mergers and acquisitions.

  • The Competition Law Review Committee in its report suggested a slew of measures to improve insolvency resolution process.
  • The green channel concept — recommended by the high level panel that reviewed the competition law — would allow for an automatic system for speedy approval of combinations, subject to certain conditions.
  • The 'Green Channel' would allow automatic approval for certain M&A agreements based on specified criteria and pre-filing consultation.
  • The concept of a Green Channel, akin to those in countries like Singapore, Australia, New Zealand, Malaysia and Indonesia, is a step towards improving ease of doing business.

Source: THBL

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