CCI approves Ontario Teachers’ Pension Plan Board-Mahindra Susten deal, Legal News, ET LegalWorld – Legal Firms

The Competition Commission of India on Friday said it has approved the proposed deal of 2452991 Ontario Ltd, an affiliate of Ontario Teachers' Pension Plan Board (OTPPB), to acquire 30 per cent stake in Mahindra Susten. The deal has been approved under the green channel route, wherein a transaction which...

Worried Google brass flags CCI orders a ‘priority’ issue, Legal News, ET LegalWorld – Legal Firms

The competition watchdog also asked Google to not deny developers of Android forks access to Play Services APIs. (Representative image/iStock)Google has flagged as “priority” the verdict by India’s antitrust regulator that its Android Operating System had abused its dominant position, people aware of the matter told ET, as the country...

CCI to pass verdict on GST profiteering complaints from Dec 1; NAA to wind up, Legal News, ET LegalWorld – Legal Firms

New Delhi, From December 1, all complaints related to GST profiteering will be dealt with by India's antitrust watchdog Competition Commission of India (CCI), in place of National Anti Profiteering Authority, a government notification said. Currently, all consumer complaints of companies not passing on GST rate cut benefits are investigated...

NCLAT stays CCI’s Rs 169 cr penalty on Oyo, Legal News, ET LegalWorld – Legal Firms

The National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed a Rs 169 crore penalty imposed on Oravel Stays Ltd by the competition commission of India (CCI). Oravel Stays Ltd operates under the brand name Oyo. However, a two-member NCLAT bench while admitting the appeal filed by Oravel Stays Ltd...

Startups chase convertible notes amid downturn; CCI clubs news complaints against Google, Legal News, ET LegalWorld – Legal Firms

Starved of equity funding for months, Indian startups are turning to another way of raising funds – one that doesn’t force them to settle for a reduced valuation. After raising $200 million through convertible notes from a clutch of investors in January, B2B startup Udaan is tapping this instrument once...

M&G Group gets CCI nod for subscription of Trustroot Internet bond, warrants, Legal News, ET LegalWorld – Legal Firms

The Competition Commission of India (CCI) on Monday said the proposed deal of M&G Group subscribing to convertible bonds and warrants issued by Trustroot Internet Pvt Ltd has been cleared under the green channel route. Under the green route, a deal which does not raise any risk of an appreciable...

NAA to wind up, GST anti-profiteering complaints to be taken up by CCI from December 1, Legal News, ET LegalWorld – Legal Firms

All GST anti-profiteering complaints would be dealt with by the Competition Commission of India (CCI) from December 1 as the extended tenure of National Anti-profiteering Authority ends this month, an official said on Tuesday. A notification in this regard is expected to be issued by the finance ministry later this...

Why merging GST NAA with CCI may not be a prudent move, Legal News, ET LegalWorld – Legal Firms

Recent news reports have suggested that the GST anti-profiteering watchdog, National Anti-profiteering Authority (NAA) is set to be subsumed into the regulatory ecosystem of the Competition Commission of India (CCI). It is proposed that the NAA’s regulatory functions and its investigative arm (the Director General of Anti-Profiteering), continue to operate...

Revised combination assessment timelines under competition law to provide biz certainty, says MCA, Legal News, ET LegalWorld – Legal Firms

New Delhi, The revised timelines proposed in the competition law will help in making the assessment of combinations swift and time-bound as well as provide certainty to businesses, according to the Ministry of Corporate Affairs (MCA). A bill to amend the Competition Act is now being examined by the Parliamentary...