Govt. Enhances the Value of Assets & Turnover for the Purpose of Combinations u/s 5 of Competition Act, 2002
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- By Chetan Kulasri
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- Last Updated on 12 March, 2024
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Notification: S.O. 1130(E), Dated: 07.03.2024
The Central Government in consultation with the CCI has enhanced the value of assets and turnover by 150% for the purpose of combinations u/s 5 of the Competition Act, 2002. This is in the exercise of powers granted u/s 20(3) of the Act, which authorises the Central Government to enhance or reduce by notification or keep at the same level the value of assets, turnover or transactions based on wholesale price index or fluctuations in the exchange rate of a rupee or foreign currencies.
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