Document background
A Group Exemption Letter is a specialized regulatory document used in the Indian legal framework when corporate groups need exemption from certain regulatory requirements. This document is particularly relevant when companies within a group need to undertake activities that might otherwise require separate regulatory approvals or face restrictions under competition law. The letter typically includes detailed information about the group structure, the specific exemptions sought, legal justification, and compliance commitments. It's commonly used in scenarios such as intra-group transactions, restructuring, or collaborative arrangements within the group. The document must comply with Indian regulatory requirements, particularly the Competition Act, 2002, Companies Act, 2013, and other relevant regulations. Group Exemption Letters are crucial for large corporate groups operating in India to streamline their operations while maintaining regulatory compliance.
