What Competition (Amendment) Act, 2023 - Deal Value Threshold, Settlement Mechanism, Commitment Process and Leniency Programme Enhancement requires
The Competition (Amendment) Act, 2023 introduces a deal value threshold for merger control requiring notification to the Competition Commission of India (CCI) when the transaction value exceeds INR 2,000 crore, regardless of turnover or asset thresholds. It also establishes a settlement and commitment mechanism under Sections 27B and 27C, and enhances the leniency programme under Section 46, applicable to enterprises involved in anti-competitive agreements or abuse of dominance.
Pillar: Competition & Antitrust · Authority: Ministry of Corporate Affairs, Government of India · Version: 1.0.1 · Last updated:
Primary source: https://www.cci.gov.in/legal-framwork/act
SHA-256 integrity: d88a1c3010ebc0eff7edbdf995b502ecb4f83999a5fa79fca079d7070009eac1
Primary Citations — 5 traced to source
- Competition (Amendment) Act, 2023, Section 5 - Definition of 'Combination' including transaction value threshold
- Competition (Amendment) Act, 2023, Section 6(2) - Mandatory notification requirement for combinations exceeding prescribed thresholds
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