Competition Commission has revised its guidance note for filing applications seeking approvals for combinations, a move that will help in having a more standardised review process.
The guidance note for Form I has been revised with a view to incorporate the changes made with respect to green channel, an official release said on Saturday.
Generally, Form I is used for applications seeking nod for combinations. In competition law parlance, mergers and acquisitions are termed as combinations.
Green channel provides for automatic approval of combinations subject to certain conditions.
"The guidance notes provide the scope of information and documents to be submitted along with the