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The Ministry of Corporate Affairs, through notification dated September 9, 2024, i.e., shortly after the close of the monsoon session of the Indian parliament, implemented multiple merger control
The Ministry of Corporate Affairs, through notification dated
September 9, 2024, i.e., shortly after the close of the monsoon
session of the Indian parliament, implemented multiple merger
control provisions of the Competition (Amendment) Act, 2023. These
changes were accompanied with the relevant regulations, i.e.,
Competition Commission of India (Combinations) Regulations, 2024,
and rules, i.e.: (i) Competition (Criteria for Exemption of
Combinations) Rules, 2024; (ii) Competition (Minimum Value of
Assets or Turnover) Rules, 2024, (iii) and Competition (Criteria
for Combination) Rules, 2024. These provisions have become
effective as of September 10, 2024. This alert provides a snapshot
of the key changes introduced and major takeaways.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
