MandAS: CCI amends combination rules on withdrawal, refiling of notices for clearance.

In a bid to provide faster disposal of merger and acquisition cases, the Competition Commission of India (CCI) on Wednesday amended the combination regulations with regard to withdrawal and refiling of notices seeking approvals.

In July this year, the fair trade regulator had invited comments for the amendments in the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations.

In case the notice is withdrawn, the fee already paid would be deducted from the amount payable in respect of the new notice given by the parties to the combination provided the new notice is given within three months from the...