MCA Notifies New ‘Competition Rules’ Exempting Certain Combinations From Disclosure and Timeline Requirements
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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. 549(E)., dated 09.09.2024
The MCA has notified the Competition (Criteria for Exemption of Combinations) Rules, 2024, effective from 10.09.2024. Under Rule 3, combinations that meet the criteria outlined in the Schedule are exempt from the requirements to disclose combination details, adhere to the 210-day timeline, and comply with exemptions under Sections 6(2), 6(2A), and 6(4) of the Competition Act. The Schedule specifies 12 different criteria for exemption under Section 6.
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