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Ministry of Corporate Affairs revises threshold limits for value of Assets and Turnover for purposes of combination filings under Competition Act, 2002 as a step towards Ease of doing Business The Ministry of Corporate Affairs has revised the existing threshold value of assets and turnover mentioned under Section 5 of the Competition Act, 2002 (the Act). Earlier, the threshold limits prescribed under Section 5 of the Act were revised in year 2011 vide notification S. O. No. 480 (E) dated 4
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FAQ :
The MCA has revised the threshold limits for the value of assets and turnover for combination filings under Section 5 of the Competition Act, 2002.
The revision is part of the government's initiative to promote 'Ease of Doing Business' in India.
The revised thresholds are significantly higher. For example, at the enterprise level in India, the asset threshold has increased from over INR 2000 Crore to over INR 2500 Crore, and the turnover threshold has risen from over INR 6000 Crore to over INR 7500 Crore.
The de-minimis thresholds have been enhanced from INR 350 crore to INR 450 crore for assets and from INR 1000 crore to INR 1250 crore for turnover.
These new de-minimis thresholds are applicable for a period of two years from the date of publication of the notification in the Official Gazette.
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