A lack of quorum at the competition regulator could hinder notifying various provisions of a new law that received the President’s approval on Wednesday. The Corporate Affairs Ministry is studying whether the provision related to timelines can be notified even with a two-member quorum at the Competition Commission of India (CCI).
For instance, if CCI does not give an order regarding a combination application within deadline then it would be deemed approved.
“We might have to notify the provisions after a few weeks. Operationalising all changes is difficult due to the lack of quorum at the CCI,” said a senior government officer.
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