9911796707
TMI BlogCombinationX X X X Extracts X X X X X X X X Extracts X X X X ..... the value of more than five hundred million US dollars, including at least rupees five hundred crores in India, or turnover more than fifteen hundred million US dollars, including at least rupees fifteen hundred crores in India; or ] ( ii ) the group, to which the enterprise whose control, shares, assets or voting rights have been acquired or are being acquired, would belong after the acquisition, jointly have or would jointly have, ( A ) either in India, the assets of the value of more than rupees four thousand crores or turnover more than rupees twelve thousand crores; or 2 [ (B) in India or outside India, in aggregate, the assets of the value of more than two billion US dollars, including at least rupees five hundred crores in India, or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... than six billion US dollars, including at least rupees fifteen hundred crores in India; or ] ( c ) any merger or amalgamation in which ( i ) the enterprise remaining after merger or the enterprise created as a result of the amalgamation, as the case may be, have, ( A ) either in India, the assets of the value of more than rupees one thousand crores or turnover more than rupees three thousand crores; or 5 [ (B) in India or outside India, in aggregate, the assets of the value of more than five hundred million US dollars, including at least rupees five hundred crores in India, or turnover more than fifteen hundred million US dollars, including at least rupees fifteen hundred crores in India; or ] ( ii ) the group, to which the enterprise rema ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s or strategic commercial decisions by (i) one or more enterprises, either jointly or singly, over another enterprise or group; or (ii) one or more groups, either jointly or singly, over another group or enterprise; (b) group means two or more enterprises where one enterprise is directly or indirectly, in a position to (i) exercise twenty-six per cent. or such other higher percentage as may be prescribed, of the voting rights in the other enterprise; or (ii) appoint more than fifty per cent. of the members of the board of directors in the other enterprise; or (iii) control the management or affairs of the other enterprise; (c) turnover means the turnover certified by the statutory auditor on the basis of the last available audited accounts ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f goodwill, or value of copyright, patent, permitted use, collective mark, registered proprietor, registered trade mark, registered user, homonymous geographical indication, geographical indications, design or layout-design or similar other commercial rights under the laws provided in sub-section (5) of section 3; (f) where a portion of an enterprise or division or business is being acquired, taken control of, merged or amalgamated with another enterprise, the value of assets or turnover or value of transaction as may be applicable, of the said portion or division or business or attributable to it, shall be the relevant assets or turnover or relevant value of transaction for the purpose of applicability of the thresholds under section 5. ] ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... two billion US dollars or turn over more than six billion US dollars 7 . Substituted vide Competition (Amendment) Act, 2023 dated 11-04-2023 w.e.f. 10-09-2024 before it was read as, India. 8 . Inserted vide Competition (Amendment) Act, 2023 dated 11-04-2023 w.e.f. 10-09-2024 9 . Substituted vide Competition (Amendment) Act, 2023 dated 11-04-2023 w.e.f. 10-09-2024 before it was read as, Explanation. For the purposes of this section, ( a ) control includes controlling the affairs or manage ment by ( i ) one or more enterprises, either jointly or singly, over another enterprise or group; ( ii ) one or more groups, either jointly or singly, over another group or enterprise; ( b ) group means two or more enterprises which, directly or indirectly ..... X X X X Extracts X X X X X X X X Extracts X X X X
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