National Conference, 27th April 2019
Post Event Coverage
DME’s National Conference “Mergers & Acquisitions: Legal & Managerial Review”, organized by DME Management School and DME Law School jointly on 27th April 2019, started with a warm welcome of the guests and dignitaries. After the seating of the guests, the dignitaries were invited for Saraswati Vandana and lamp lighting to invoke the blessings of Goddess Saraswati.
The event was graced by the presence of Shri Dhanendra Kumar IAS, Former Chairman, CCI, as the Chief Guest, Shri Pramod Kumar Singh, Secretary, CCI, as the Guest of Honour, Hon’ble Mr.Justice Bhanwar Singh, Director General, DME, Mr.Aman Sahni, Vice Chairman, DME, Prof. Dr.Ravi Kant Swami, Director, DME and Prof. P.N Parashar, Former Member, CCI & Professor, DME Law School. The guest and dignitaries were welcomed with the utmost respect and honor among the participants and students.
Hon’ble Mr. Justice Bhanwar Singh, Director General, DME was asked to shower his blessings upon the gathering. Sir reminisced about his past experiences and shared some interesting anecdotes and views regarding the importance of mergers & acquisitions. Following this, Shri Dhanendra Kumar was called upon to deliver the key note address and discuss his views on conference theme. He shared his knowledge and experience about mergers & acquisitions through his own journey as part of CCI, which deals extensively on the subject. He discussed the initial stages of establishment of CCI and how it grew over the years. Sir shared an example of the monopoly in the telecom industry in the yester years and how privatization had an impact on the industry,ruling it in customers’ favour.
The event also saw the magnificent launch of the conference publication as part of a special edition of the UGC recognized journal ‘International Journal of Advance and Innovative Research’. DME Management School also launched its book titled ‘Sustainable Development & Management: An Indian Perspective’. The inaugural session came to a close with a vote of thanks by Dr.N.K. Bahl, Conference Convener. He further declared the conference open for deliberations. This was followed by a workshop on “M&A: Regime in India” by Mr.P.K Singh, Secretary, CCI.
During the workshop, Mr.P.K. Singh elaborated on the procedure, remedies available and regulations of M&A. He further imparted knowledge on the background and the journey of the M & A in India. He went on to explain the sector wise distribution of failed M&A deals till 31/03/2019. The sectors mentioned were finance, food, oil etc. Sir explained the various pros & cons of M&As and how it is a mixed bag. The house was informed that some of the merged entities are efficient, provide benefits to the society and encourage investment while, some are harmful to the consumers & competition.Merger control was the next topic. He mentioned the importance of regulation of mergers in India and what are the implications of mergers. Then the audience were enlightened with the detailed discussion on the following topics – types & branches of mergers, important features of the regime in India, remedies prescribed by the commission andtypes of remedies. The workshop was concluded with the recent developments that were noticed in the field, including computation in turnover and speedier disposal of cases.
Dr.Poorva Ranjan, Conference Convenor, presented a vote of thanks and the house was adjourned for lunch. The participants reconvened for the parallel plenary sessions in respective rooms for the paper presentation
Plenary session 1 was chaired by Prof (Dr.)Kanwal D.P. Singh, currently the Dean, University School of Law and Legal Studies, GGSIPU. All the presenters deliberated on the theme of M&A and there were a total of eleven papers presented during the session. At the close of the session, Prof. (Dr.) Kanwal summarized the presentations, sharing valuable suggestions for participants and sharing her thoughts on the session as a whole.
Plenary session 2 was chaired by Prof. (Dr.) Ritu Singh, currently a Professor of Law at NLU, Delhi and Prof. (Dr.) Sudhir Bisht, Professor at DME Management School. The paper presenters discussed their research work on M&A from managerial and legal standpoints. A total of ten papers were presented during the session. At the end of the session, Prof.(Dr.)Ritu Singh and Prof. (Dr.) Sudhir Bisht praised the efforts of the presenters.
Plenary session 3 was chaired by Shri. Surinder Mohan, currently the President of Noida Management Association and Vice President, HR, C&S Electric Ltd. Prof. Dr.Smita felicitated the guest with a token of appreciation on behalf of DME. All the presenters were given ample time to present their respective papers. A total of eight papers were presented on M&A from management and law domains during this session.At the close of the session, Shri.Surinder Mohan shared his experience and suggestions with the participants.
All the three plenary sessions saw various debates, questions and doubts raised and resolved as the presenters, Session Chairs and audience engaged with each other. The sessions provided students with more ideas and values to inculcate in the future and will surely guide researchers to improve and build upon their research work.
Post the technical session, the Valedictory Session of the conference started around 3:00 pm in the Nelson Mandela Auditorium. The dias was graced by the presence of Prof. Dr.Ritu Singh (Law Professor at NLU, Delhi), Prof. Dr.Naresh Kumar Bahl (Dean, Law School at DME), Prof. Dr.Sudhir Bisht (Management School, DME), Prof. Dr.Kanwal D.P. Singh (Dean, Law School at GGSIPU) and Dr.Poorva Ranjan (Associate Professor, DME). Panel judges for various tracks were invited to share their views about the session and they echoed that they were delighted to be a part of the interdisciplinary research discussion. The guests and participants were felicitated for their thoughtful articles and for bringing on the table new ideas and facts related to M&As. Certificates were awarded to all the presenters for their respective research work. Student volunteers and presenters were also awarded with the certificate for their help and making the event a success. At the end, Dr. Swati Jain (Organising secretary) presented a vote of thanks to everyone present for taking out time from their busy schedule and for being a part of the conference. All together, the whole conference was a grand success with many new ideas for research in future.
Student Reporters: Ms. Avleen Kaur, Ms. Tamanna Munjal, Mr. Kartik Vasudev (DME Management School)
Faculty In-charge: Ms. Shelly Agarwal & Ms.Navya Jain (DME Management School)
DME Conference Convenors:
Dean – DME Law School,
Former District and Sessions Judge, U.P. Judicial Service
Associate Professor – DME Management School
Convenor – ERP, Website and Digital Media