Central Government in consultation with the Competition Commission of India enhances the time limit for applicability of section 20(3) of Competition Act, 2002 - S.O. 1130(E) - Indian Law

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 7th March, 2024. S.O. 1130(E). In exercise of the powers conferred by sub-section (3) of Section 20 of the Competition Act, 2002 (12 of 2003) , the Central Government in consultation with the Competition Commission of India, hereby enhances, on the basis of the wholesale price index and exchange rate of rupee, the value of assets and the value of turnover, by One hundred and fifty percent for the purposes of section 5 of the said Act, from the date of publication of this notification in the Official Gazette. [F. No. 05/7/2013-Comp-MCA] MANOJ PANDEY, Addl. Secy.