Section 43 - Amendment of section 63 - Competition (Amendment) Act, 2023

Amendment of section 63. 43 . In section 63 of the principal Act, in sub-section (2), (i) clause (a) shall be re-lettered as clause (ae) thereof, and before clause (ae) as so re-lettered, the following clauses shall be inserted, namely: (a) the value of the assets or turnover of the enterprise acquired, taken control of, merged or amalgamated in India under clause (e) of section 5; (ab) the percentage of voting rights higher than twenty-six per cent. under sub-clause (i) of clause (b) of the Explanation to section 5; (ac) the criteria of combinations under sub-section (4) of section 6; (ad) the criteria under sub-section (7) of section 6; ; (ii) after clause (mf), the following clause shall be inserted, namely: (mg) the form of the publication of guidelines under sub-section (5) of section 64B; . *********** Notes:- 1. Come into the force w.e.f. 18-05-20203 vide Notification No. S.O. 2228(E) dated 18-05-2023