The Competition Commission of India (CCI) today said it will come with the draft guidelines in the next 10-15 days for providing expeditious clearance to M&A proposals.
"The draft regulation will come out within the next 10 to 15 days. This will be published on the Competition Commission website for public comments," CCI Director General and Adviser (Law) K K Sharma told PTI here.
Under the new scheme, companies mulling mergers and acquisitions (M&As) would be allowed to approach the Commission to find out the whether proposal is compliant with the Competition Act.
The guidelines will be finalised after studying the feedback received from all national and international stakeholders, Sharma said.
The commission decided to introduce pre-merger consultation with a view to reduce the time taken for according mandatory approvals to mergers and acquisitions involving Indian firms.
