sonu soni
asked
0
0
Answer Now
Comment
Report
2
Answers
Archana
answered
Hie Sonu,
The Competition Act provides for the following threshold
limits:
- Combined assets of the enterprises value more than Rs.1,500 crores or combined turnover is more than Rs.4,500 crores. In case either or both of the enterprises have assets/turnover outside India also, then the combined assets of the enterprises value more than US$ 750 millions, including at least Rs.750 crores in India, or turnover is more than US$ 2250 millions, including at least Rs. 2,250 crores in India.
- Combined assets of the group to which the acquired enterprise would belong after combination being more than Rs.6,000 crores or such group having a joint turnover more than Rs. 18,000 crores after acquisition or merger. In case such group has assets/turnover outside India, then the combined assets of the group value more than US$ 3,000 million, including at least
Rs.750 crores in India or turnover is more than US$ 9,000 million including at least Rs. 2,250 crores in India.
- Group is defined in the Act. Two enterprises belong to a “group” if one is in position to exercise at least 26% voting rights or appoint at least 50% of the directors or controls the management or affairs in the other.
Important Note – Preparing for CS Professional?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below –
For any questions Request A Call Back
HIMANSHU
answered
The Competition Act provides for the following threshold
limits:
1. Combined assets of the enterprises value more than Rs.1,500 crores or combined turnover is more than Rs.4,500 crores. In case either or both of the enterprises have assets/turnover outside India also, then the combined assets of the enterprises value more than US$ 750 millions, including at least Rs.750 crores in India, or turnover is more than US$ 2250 millions, including at least Rs. 2,250 crores in India.
2. Combined assets of the group to which the acquired enterprise would belong after combination being more than Rs.6,000 crores or such group having a joint turnover more than Rs. 18,000 crores after acquisition or merger. In case such group has assets/turnover outside India, then the combined assets of the group value more than US$ 3,000 million, including at least
Rs.750 crores in India or turnover is more than US$ 9,000 million including at least Rs. 2,250 crores in India.
3. Group is defined in the Act. Two enterprises belong to a “group” if one is in position to exercise at least 26% voting rights or appoint at least 50% of the directors or controls the management or affairs in the other
