Modification to the proposed combination

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..... tary shall communicate within seven days, the proposal of the Commission to the person who has given notice and such person shall submit its acceptance or non- acceptance, in writing, within five days of the receipt of the proposal of the Commission: Provided that the time taken in communication of the proposal of the Commission not exceeding seven days shall be excluded from the period provided i .....

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..... egulation (2) of Regulation 14 of these regulations, whichever is later. (4) The parties to the combination may offer modification in Form IV along with their response to the notice issued under sub-section (1) of section 29 of the Act, within fifteen days of the receipt of such notice, to address the prima facie concerns in the said notice and on that basis, the Commission may approve the propose .....

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