Govt exempts Group exercising less than 50% voiting rights for 5 years from Combinations

By | March 7, 2016

NOTIFICATION NO. SO 673(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 the ‘Group’ exercising less than fifty per cent. of voting rights in other enterprise from the provisions of section 5 of the said Act for a period of five years with effect from the date of publication of this notification in the official gazette.

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