CCI: File Form III for Sec 6(4)
Published on Thu, Apr 12,2012 | 20:25, Updated at Thu, Apr 12 at 20:52Source : Moneycontrol.com
In a recent order, The Competition Commission of India (CCI) has held that public financial institutions, foreign institutional investors, banks or venture capital funds acquiring shares of public listed companies through on-market transactions and not pursuant to loan or investment agreements would be required to file a notice and seek approval of the CCI.
This NEWSFLASH by Khaitan & Co. analyses the interpretation of Section 6(4) of the Competition Act, 2002.
Click on attachment to get full details.