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Indian Laws - Highlights / Catch Notes

Home Highlights March 2024 Year 2024 This

The notification is issued u/s 20(3) of the Competition Act, ...

Indian Laws

March 11, 2024

The notification is issued u/s 20(3) of the Competition Act, 2002 relating to Inquiry into combination by Commission. It aims to adjust the thresholds for assets and turnover for the purposes of Section 5 of the Act. - The Central Government, in consultation with the Competition Commission of India, has decided to enhance the thresholds by 150%. This means that the value of assets and turnover used to determine the applicability of Section 5 of the Act will be increased by 150%.

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