The Indian government revises the merger control thresholds valid for the period covering 2016 to 2021

Introduction The Government of India, through the Ministry of Corporate Affairs (“MCA”), by way of a notification, has revised the merger control thresholds under the Competition Act, 2002 (“Act”) on March 04, 2016, valid for a period of 5 (five) years, ending on March 04, 2021 (“Notification”). Please find set out below the revised thresholds for your ease of reference: (a) Target Based or De Minimus Exemption Enhanced and Extended As you may be aware, MCA had introduced a target-based exemption, whereby any enterprise whose shares, control, voting rights or assets were being acquired, was exempt from filing a notification with the Competition Commission of India (“CCI”) for seeking its approval, if it had assets less than INR 250 crores (INR 2.5 billion) or turnover less than INR 750

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Authors

  • Shardul Amarchand Mangaldas (Mumbai)
  • Economic Laws Practice (Mumbai)

Quotation

Gauri Chhabra, Suhail Nathani, The Indian government revises the merger control thresholds valid for the period covering 2016 to 2021, 4 March 2016, e-Competitions Bulletin March 2016, Art. N° 78840

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