MCA Press Release

Clarification on contribution to PM CARES Fund as eligible CSR activity under item no. (viii) of the Schedule VII of Companies Act,2013

148 ViewsClarification on contribution to PM CARES Fund as eligible CSR activity under item no. (viii) of the Schedule VII of Companies Act,2013 eF. No. CSR-05/1/2020-CSR-MCAGOVERNMENT OF INDIAMINISTRY OF CORPORATE AFFAIRS 5th floor, A Wing, Shastri Bhawan,Dr. R.P. Road. New Delhi-11000128.03.2020 OFFICE MEMORANDUM Subject: Clarification on contribution to PM CARES Fund as eligible CSR activityunder …

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CCI approves acquisition of Metso Oyj’s minerals business by Outotec Oyj

177 ViewsCCI approves acquisition of Metso Oyj’s minerals business by Outotec Oyj Ministry of Corporate Affairs                      The Competition Commission of India (CCI) approves the acquisition of Metso Oyj’s (“Metso”) minerals business by Outotec Oyj (“Outotec”) under Section 31(1) of the Competition Act, 2002, here today.                      The Proposed Combination relates to acquisition of Metso’s …

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CCI approves proposed merger between Peugeot S.A and Fiat Chrysler Automobiles N.V.

198 ViewsCCI approves proposed merger between Peugeot S.A and Fiat Chrysler Automobiles N.V. Ministry of Corporate Affairs CCI approves proposed merger between Peugeot S.A and Fiat Chrysler Automobiles N.V. The Competition Commission of India (CCI) approves proposed merger between Peugeot S.A and Fiat Chrysler Automobiles N.V. The proposed combination pertains to merger between Peugeot S.A. …

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CCI invites public comments regarding examination of non-compete restrictions under regulation of combinations

190 ViewsMinistry of Corporate Affairs The Competition Commission of India (CCI) has been looking at non-compete restrictions stipulated in mergers and acquisitions while reviewing combinations. Notifying parties are required to furnish information on non-compete restrictions for the purpose of its examination. The CCI has issued a Guidance Note explaining the circumstances under which a non-compete …

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CCI approves acquisition of majority shareholding in B.M.M Ispat Limited by JSW Projects Limited.

507 ViewsMinistry of Corporate Affairs The Competition Commission of India (CCI) approves proposed combination relating to acquisition of majority shareholding in B.M.M Ispat Limited (BMM) by JSW Projects Limited (JPL). JPL, a part of the JSW group, is engaged in the business of manufacture of direct reduce iron/ sponge iron, coke dry quenching and captive …

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CCI approves acquisition of GMR Kamalanga Energy Limited by JSW Energy Limited

249 ViewsMinistry of Corporate Affairs The Competition Commission of India (CCI) approves the acquisition by JSW Energy Limited (“Acquirer”) of GMR Kamalanga Energy Limited (“Target”), under Section 31(1) of the Competition Act, 2002, in its meeting held today through video conferencing The proposed combination envisages the acquisition of the entire (i.e., 100%) shareholding of the …

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CCI approves Hitachi’s proposed acquisition of 80.1% in power grid business of ABB Limited

198 ViewsMinistry of Corporate Affairs The Competition Commission of India (CCI) approves proposed acquisition of 80.1% stake by Hitachi in the power grid business of ABB Limited, in its meeting held today through video conferencing The proposed combination envisages acquisition of 80.1% share capital of ABB Management Holding AG (ABB Management) by Hitachi Limited (Hitachi) …

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IBBI amends CIRP Regulations to provide relief in corporate insolvency resolution process due to COVID-19 outbreak

168 ViewsMinistry of Corporate Affairs To address this difficulty faced by the lockdown due to COVID-19, the Insolvency and Bankruptcy Board of India (IBBI) amended the CIRP Regulations to provide that the period of lockdown imposed by the Central Government in the wake of COVID-19 outbreak shall not be counted for the purposes of the …

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Trishikhar Ventures proposes acquisition of 18.951% of the Religare Health Insurance Co. Ltd. through CCI Green Channel

221 ViewsMinistry of Corporate Affairs The Competition Commission of India (CCI) received the following green channel combination filed under sub-section (2) of Section 6 of the Competition Act, 2002 (Act) read with regulation 5A of the Competition Commission of India (Procedure in regard to the transactions of business relating to combinations) Regulations, 2011 (Combination Regulations): …

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