Govt exempt enterprises having Asset Value upto Rs 350 Crore from provisions of Combination

By | March 7, 2016

NOTIFICATION NO. SO 674(E) [F.NO.5/33/2007-CS (PART)],

DATED 4-3-2016

In exercise of the powers conferred by clause (a) of section 54 of the Competition Act, 2002 (12 of 2003), the Central Government, in public interest, hereby exempts an enterprise, whose control, shares, voting rights or assets are being acquired has either assets of the value of not more than rupees three hundred and fifty crores in India or turnover of not more than rupees one thousand crores in India from the provisions of section 5 of the said Act for a period of five years from the date of publication of the notification in the official gazette.

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