Govt. Revises Threshold Limits for Certain Enterprises for Combinations u/s 5 of Competition Act for Specific Period
- Blog|News|Competition Law|
- < 1 minute
- By Taxmann
- |
- Last Updated on 11 March, 2024
Latest from Taxmann
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
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
