Book on Contracts published by NLSIU

Happy to share that I have jointly contributed a paper on“Telecom Contracts of VOIP” in the book titled “Contract, Agreements and Public Policy in India” published by prestigious National Law School of India University, Bangalore (NLSIU). Here is the cover jacket of the book.You may contact NLSIU if you wish to purchase the book

Amendment to the Competition Act

The Union Cabinet has approved a proposal of the Ministry of Corporate Affairs to amend the Competition Act 2002.

Some of major amendments are:

1. revising the definition of ‘turnover’ and ‘group’;
2. reducing the overall time limit for finalising combinations from 210 days to 180 days; and
3. inserting a new Section 5A that will enable the central government to lay down, in consultation with the commission, different thresholds for any class or classes of enterprise for the purpose of examining acquisitions, mergers and amalgamations.

Details of the amendments proposed are not yet in the public domain.