The Ministry of Corporate Affairs (MCA) on September 09, 2024, issued the Competition (Criteria of Combination) Rules, 2024, in exercise of the powers conferred by clause (ac) of sub-section (2) of section 63 of the Competition Act, 2002.
The following has been stated:
Criteria of Combination. – (1) For the purposes of sub-section (4) of section 6 of the Act, the parties to a combination, their respective group entities and their affiliates who fulfils the following criteria, may give notice for such combination under that sub-section, namely: -
(a) they do not produce or provide similar or identical or substitutable product or service;
(b) they are not engaged in any activity relating to production, supply, distribution, storage, sale and service or trade in product or provision of service, –
(i) which are at different stage or level of production; or
(ii) which are complementary to each other.
They shall come into force with effect from September 10, 2024.
[Notification No. G.S.R. 548 (E)]
