The Competition Commission of India (CCI) has approved the acquisition of 7.73 per cent equity share capital of Jio Platforms Ltd (JPL) by Google International LLC (GIL) under Section 31(1) of the Competition Act, 2002, a Ministry of Corporate Affairs release said on Thursday.
Tag: Ministry of Corporate Affairs
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Simplifying Corporate Adjudication
The establishment of a National Company Law Tribunal (NCLT) and its Appellate Tribunal (NCLAT) will provide for an efficient, timely and one stop-shop dispute resolution mechanism, preventing fragmentation of disputes relating to companies before multiple forums.
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Vessel sharing pacts exempted from CCI purview
The Ministry of Corporate Affairs vide notification dated 05.02.2015 has exempted the Vessel Sharing Agreements of Liner Shipping Industry from the provision of Section 3 of the Competition Act, 2002 for a period of one year from the date of publication of notification in the official gazette, in public interest.