- Regulation of combinations based on transaction value
- Definition of control for classification of combination
- Definition of Anti-competitive agreements
- Definition of Relevant Products Market
- Time limit for approval of combinations
- Settlement and Commitment in anticompetitive proceedings
In this article we have summarized abovementioned proposed amendments by Competition Amendment Bill 2022.
Regulation of combinations based on transaction value:
Section 5 of the Act covers provisions relating to regulation of combination where it proposes to insert following: -
'Value of Transaction':- If the value of any transaction or 'deal value' in connection with acquisition of any control, shares, voting rights or assets of an enterprise, merger or amalgamation etc., exceeds €2,000 crore, it would require filing before CCI, provided that the enterprise has substantial business operations in India, which may be specified through regulations.
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