MCA notifies Threshold Limit of Minimum ₹450 Crore Asset and ₹1,250 Crore Turnover for Combinations under Competition Act [Read Notification]

According to the new rules, any combination involving companies with assets worth ₹450 crore or more, or those with a turnover of ₹1,250 crore or more, will be subject to assessment under Section 5(e) of the Act
By Navasree A.M - On September 11, 2024 11:35 am - 2 mins read
MCA - Ministry of Corporate Affairs - Threshold Limit - Threshold Limit - Competition Act - taxscan

The Ministry of Corporate Affairs ( MCA ) has introduced new threshold limits for determining combinations under the Competition Act, 2002, with the notification of the Competition ( Minimum Value of Assets or Turnover ) Rules, 2024. These rules, which come into effect on September 10, 2024, set the minimum value of assets and turnover…

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