Indian Merger Control Regime gets a Makeover: Amendments go Live

On 10 September 2024, provisions relating to merger control of the Competition (Amendment) Act 2023 along with the attendant rules and regulations have been made effective. The key changes include: (i) enforcement of the transaction size or deal value threshold (DVT) as an additional notification threshold; (ii) reduced timelines for both prima facie consideration and overall review period by the CCI; (iii) derogation of standstill obligations for on-market purchases; (iv) identification of relevant entities to assess availability of the green channel; (v) increase in statutory filing fee; and (vi) exempted transactions.