The government is planning to refer all the M&A cases to the commission, which started functioning about a month ago, to ensure there is no abuse of competition law arising out of such matters.
At a meeting organised by Indian Merchants’ Chamber here on Friday, CCI member R Prasad said “In many countries majority of the M&A cases are cleared in a short time. Here also the commission will clear most of the cases in 30 days”. It has decided to levy Rs 50,000 as fee for each case .
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