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CCI introduces green channel clearance for mergers & acquisitions
Aug-20-2019

With an effort to make mergers and acquisitions (M&A) filings approval faster, Competition Commission of India (CCI) has introduced an automatic system of approval for combinations under Green Channel. Under this process, the combination is deemed to have been approved upon filing the notice in the prescribed format. This system would significantly reduce time and cost of transactions.

The Green Channel is aimed to sustain and promote a speedy, transparent and accountable review of combination cases, strike a balance between facilitation and enforcement functions, create a culture of compliance and support economic growth.

Besides, the regulator also revised its pre-filing consultation guidance note to extend its scope to include consultation to assist the parties to determine whether their combination is eligible for Green Channel.

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