Govt. Exempts Acquisitions Below Rs 450 Cr Assets or Rs 1250 Cr Turnover From Competition Review
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- By Chetan Kulasri
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- Last Updated on 10 September, 2024
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Notification No. G.S.R 547(E); Dated: 09.09.2024
The Govt. has notified the Competition (Minimum Value of Assets or Turnover) Rules, 2024, outlining key thresholds for mergers and acquisitions. As per the rules, the transactions where the value of assets or turnover of the enterprise being acquired, controlled, merged, or amalgamated in India does not exceed Rs 450 crore and Rs 1250 crore, respectively, shall not be considered a combination under Section 5 of the Act. These rules will take effect from September 10, 2024.
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