The Competition (Amendment) Bill, 2022 aims to regulate mergers and acquisitions based on the value of transactions, and says that deals with transaction value of more than 2,000 crore will require the Competition Commission of India's approval. For faster approvals, the proposed law also says the timeline for CCI to pass an order on such transactions will be reduced to days from 210 days.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 150.
- The Competition (Amendment) Bill, 2022 proposes to regulate mergers and acquisitions by introducing a threshold of 2,000 crore rupees based on transaction value, requiring approval from the Competition Commission of India (CCI).
- It aims to expedite the approval process by reducing the timeline for CCI to issue decisions on such transactions from 210 days to 150 days, streamlining regulatory processes for faster business transactions in India.