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Core Purpose

Notification under Section 20(3) of the Competition Act, 2002 enhancing the value-of-assets and value-of-turnover thresholds for the purposes of Section 5 of the Act by one hundred and fifty percent.

Detailed Summary

The Ministry of Corporate Affairs issued S.O. 1130(E) dated 7th March 2024, exercising powers under sub-section (3) of Section 20 of the Competition Act, 2002 (12 of 2003), and, in consultation with the Competition Commission of India, enhancing, on the basis of the wholesale price index and the exchange rate of the rupee, the value of assets and the value of turnover thresholds used for the purposes of section 5 of the Act by one hundred and fifty percent, with effect from the date of publication of the notification in the Official Gazette; the notification was issued under File No. 05/7/2013-Comp-MCA and signed by Manoj Pandey, Additional Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-08032024-252733 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 1073] | NEW DELHI, THURSDAY, MARCH 7, 2024/PHALGUNA 17, 1945 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 7th March, 2024. S.O. 1130(E). In exercise of the powers conferred by sub-section (3) of Section 20 of the Competition Act, 2002 (12 of 2003), the Central Government in consultation with the Competition Commission of India, hereby enhances, on the basis of the wholesale price index and exchange rate of rupee, the value of assets and the value of turnover, by One hundred and fifty percent for the purposes of section 5 of the said Act, from the date of publication of this notification in the Official Gazette. [F. No. 05/7/2013-Comp-MCA] MANOJ PANDEY, Addl. Secy. 1632 GI/2024 Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. SARVESH KUMAR Digitally signed by SARVESH SRIVASTAVA Date: 2004.11.08 15:34:14+0530

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