CCI increases filing fee for notifying mergers! November 14, 2019
Published in: Alerts
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The Competition Commission of India (CCI) vide notification dated 30 October 2019 has amended the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011 (Combination Regulations).
By way of the amendment, the CCI has revised the filing fee for notification of mergers to the CCI. It is the third time the filing fee has been increased. The first such amendment was in February 2012 followed by a further enhancement in the filing fee in March 2014.
The revised filing fees are as set out below:
The filing fee to be remitted for a Form I Notice (Short Form Notice) has been increased from INR 15,00,000 (Fifteen Lakh Rupees only) to INR 20,00,000 (Twenty Lakh Rupees Only); and
The filing fee to be remitted for a Form II Notice (Long Form Notice) has been increased from INR 50,00,000 (Fifty Lakh Rupees Only) to INR 65,00,000 (Sixty-Five Lakh Rupees Only).
For more information please write to Mr. MM Sharam at [email protected]