REVISED THRESHOLDS

On March 4, 2016, the Central Government issued notifications pertaining to the statutory thresholds for the purposes of “combinations” under Section 5 of the Competition Act, 2002 (Act).

1. Increase in thresholds: Pursuant to Notification No. S.O. 675(E) dated March 4, 2016, the value of assets and the value of turnover has been enhanced by 100% for the purposes of Section 5 of the Act. Accordingly, the revised thresholds for notification to the Competition Commission of India (Commission) are:

THRESHOLDS FOR FILING NOTICE
  AssetsORTurnover
Enterprise LevelIndia> 2000 NR crore>6000 INR crore
Worldwide with India leg>USD 1 bn with at least

>1000 INR crore in India

>USD 3 bn with at least

>3000 INR crore in India

OR
Group LevelIndia>8000 INR croreOR>24000 INR crore
Worldwide with India leg> USD 4 bn with at least

>1000 INR crore in India

> USD 12 bn

with at least

>3000 INR crore in India

2. Increase in thresholds of De Minim is Exemption: Pursuant to Notification No. S.O. 674(E) dated March 4. 2016, acquisitions where enterprises whose control, shares, voting rights or assets are being acquired have assets of not more than Rs. 350 crore in India or turnover of not more than Rs. 1000 crore in India, are exempt from Section 5 of the Act for a period of 5 years. Accordingly, the revised thresholds for availing of the De Minim exemption for acquisitions are:

THRESHOLDS FOR AVAILING OF DE MINIMIS EXEMPTION FOR ACQUISITIONS
  AssetsITurnover
Target EnterpriseIn India<350 INR croreOR<1000 MR crore

3. Definition of Group: As per Notification No. S.O. 673(E) dated March 4, 2016 the exemption to the “group- exercising less than fifty per cent. of voting rights in other enterprise from the provisions of Section 5 of the Act under Notification No. S.O. 481(E) dated March 4, 2011, has been continued for a further period of 5 years.

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