Govt. Revises Threshold Limits for Certain Enterprises for Combinations u/s 5 of Competition Act for Specific Period
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- Last Updated on 11 March, 2024
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Notification No. S.O. 1131(E); Dated: 07.03.2024
The Central Government has revised threshold limits for certain specific enterprises under section 5 of the Competition Act, 2002. Sec 5 of the Act deals with the regulation of combinations.
The specific enterprises are the enterprises involved in any acquisition, merger, amalgamation or acquisition of control by a person over an enterprise when such a person has already direct or indirect control over another enterprise engaged in the production, distribution or trading of similar or identical or substitutable goods or provision of a similar or identical service.
This exemption now applies when the value of assets acquired, taken control of, merged or amalgamated is not more than Rs 450 crore or turnover is not more than Rs 1250 crore in India[ Earlier, value of assets is not more than Rs. 350 crores or turnover of not more than Rs. 1000 crores in India – Notification No. S.O. 988(E); Dated: 27-03-2017]. Further, the exemption is applicable for a period of 2 years from the date of publication of the notification in the Official Gazette.
Click Here To Read The Full Notification
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