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The Government of India exempts Regional Rural Banks (RRBs) from the merger control regime by the Indian Competition Authority for a period of 5 years

Regional Rural Banks mergers gets exemption from CCI* The Ministry of Corporate Affairs (MCA) has exempted Regional Rural Banks (RRBs) from the applicability of the merger control regime. The MCA vide a notification dated August 10, 2017 (Notification), stipulates that Sections 5 and 6 of the Competition Act, 2002 (Act), which relate to

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  • Vaish Associates, Advocates (New Delhi)

Quotation

Man Mohan Sharma, The Government of India exempts Regional Rural Banks (RRBs) from the merger control regime by the Indian Competition Authority for a period of 5 years, 10 August 2017, e-Competitions Bulletin August 2017, Art. N° 87519

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