Friday, 24 March, 2023
Fraudulent M&A disclosures will lead to severe penalties: CCI chief
<p>Companies that provide inaccurate or incomplete disclosures to the Competition Commission of India will be subject to heavier fines, according to chairperson Ashok Kumar Gupta. Faster merger and acquisition (M&A) approval provisions in the Competition (Amendment) Bill of 2022 will operate on a trust-based framework, he said. Those discovered abusing this trust-based system by providing insufficient disclosures will face harsh penalties, he warned.</p>
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