MCA Exempts Certain Enterprises from Competition Act’s Mergers & Acquisitions Assets and Turnover Requirements for 2 Years

MCA updates target assets and target exemption threshold for CCI Approval for Mergers and Acquisitions
MCA - Ministry of Corporate Affairs - CCI - MCA updates - Competition Act exemptions - Business friendly regulations - TAXSCAN

In a business-friendly decision, the Ministry of Corporate Affairs ( MCA ) has updated the ‘de-minimis’ or small target exemption threshold and the ‘jurisdictional’ thresholds triggering notification to the Competition Commission of India ( CCI ) for approval before finalizing deals, by revising the merger filing thresholds for ‘combination’ transactions under competition law. Currently, not all…

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