Modification to the proposed combination

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..... tion has or is likely to have appreciable adverse effect on competition but such adverse effect can be eliminated by suitable modification to such combination, it may propose appropriate modification to the combination to the parties to such combination. (2) Where the parties to the combination have accepted the modification proposed by the Commission under sub-section (3) of the section 31 of the .....

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..... order, approve the combination. (4) If the parties to the combination fail to accept the modification proposed by the Commission within the time referred to in sub-section (6) of section 31 of the Act or within a further period referred to in sub-section (8) of section 31 of the Act, the combination shall be deemed to have an appreciable adverse effect on competition and be dealt with in accordan .....

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