Question : The Competition (Amendment) Bill, 2022 aims to regulate mergers and acquisitions based on the value of transactions and says that deals with a transaction value of more than Rs 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.
Option 1: 175
Option 2: 120
Option 3: 200
Option 4: 150
Correct Answer: 150
Solution : The correct answer is 150 .
Despite opposition, the Competition (Amendment) Bill, 2022, was passed in the Lower House to amend the Competition Act of 2002. The proposed law further states that the time frame for CCI to pass an order on such transactions will be shortened from 210 days to 150 days to expedite approvals.
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