The notification issued by the Ministry of Corporate Affairs enhances the value of assets and turnover for the purposes of Section 5 of the Competition Act, 2002.
This enhancement is based on the Wholesale Price Index (WPI) and the exchange rate of the rupee.
Key Changes
The value of assets and turnover are increased by one hundred and fifty percent (150%).
The enhancement is effective from the date of publication of the notification in the Official Gazette, which is March 7, 2024.
Impact Analysis
Businesses
This change may lead to reduced compliance costs and faster deal closures for some businesses.
Competition Commission of India (CCI)
The CCI should communicate the revised thresholds to stakeholders and update its guidelines and procedures accordingly.
Government
The government should be prepared to adjust the thresholds further in the future if economic conditions warrant it.
Legal and Financial Advisors
Advisors should assist businesses in reassessing their transactions and determining whether CCI approval is required.
Key Entities Referenced
Ministry of Corporate Affairs: The government ministry responsible for issuing the notification and overseeing the Competition Act, 2002.
Competition Commission of India (CCI): The regulatory body consulted by the Central Government in determining the enhancement of asset and turnover values.
Competition Act, 2002: The primary legislation governing competition in India, which is amended by this notification.
Section 5 of the Competition Act, 2002: The specific section of the Competition Act that deals with the regulation of combinations (mergers, acquisitions, and amalgamations).
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-08032024-252733
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असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 1073] नई दिल्ली, बृहस्ट्प जतिार, माच य7, 2024/फाल्ग नु 17, 1945
No. 1073] NEW DELHI, THURSDAY, MARCH 7, 2024/PHALGUNA 17, 1945
कारपोरेट कार् य मत्रं ालर्
अजधसचू ना
नई दिल्ली, 7 माच,य 2024
का.आ. 1130(अ).—केंद्रीर् सरकार, प्रजतस्ट्पधाय अजधजनर्म, 2002 (2003 का 12) की धारा 20 की उपधारा (3)
द्वारा प्रित्त िजिर्ों का उपर्ोग करते हुए, भारत के प्रजतस्ट्पधाय आर्ोग के परामिय से उि अजधजनर्म की धारा 5 के प्रर्ोिन
हते ु, थोक मूल्र् सूचकांक और जििेिी जिजनमर् िर के आधार पर आजस्ट्तर्ों के मल्ू र् और टनओय िर के मल्ू र् में रािपत्र में इस
अजधसूचना के प्रकािन की तारीख से एक सौ पचास प्रजतित की िृजि करती ह।ै
[फा. सं. 05/7/2013-कॉम्प-एमसीए]
मनोि पाण्डेर्, अपर सजचि
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 7th March, 2024.
S.O. 1130(E).—In exercise of the powers conferred by sub-section (3) of Section 20 of the Competition
Act, 2002 (12 of 2003), the Central Government in consultation with the Competition Commission of India, hereby
enhances, on the basis of the wholesale price index and exchange rate of rupee, the value of assets and the value of
turnover, by One hundred and fifty percent for the purposes of section 5 of the said Act, from the date of publication
of this notification in the Official Gazette.
[F. No. 05/7/2013-Comp-MCA]
MANOJ PANDEY, Addl. Secy.
1632 GI/2024
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.