The Indian CCI imposes a record fine for late merger filing in India (GE)

Record fine for late filing in India: Time to set the deadline for reform?* India’s competition authority (the CCI) imposed a record-breaking fine of US$750,000 (50 million rupees) on General Electric (GE) earlier this year for failing to notify its tie-up with Alstom S.A. within the deadline required by the country’s merger control rules. The CCI is increasingly active in enforcing its merger regime. Since GE’s case, the CCI has imposed a fine of US$150,000 on another US headquartered company for failing to notify its acquisition of a European headquartered business, and a fine of US$750,000 on an Indian company for a similar violation. The CCI is not alone in taking a strict formalistic approach to violations of merger control procedures. In the past five years, over 30 merger

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Samantha Mobley, The Indian CCI imposes a record fine for late merger filing in India (GE), 16 February 2016, e-Competitions Bulletin February 2016, Art. N° 81365

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