- 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.
This story is from the September 2022 edition of M & A Critique.
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This story is from the September 2022 edition of M & A Critique.
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