A 'combination' refers to mergers, acquisitions, or amalgamations between enterprises that may significantly impact competition in the market. The Competition Commission of India (CCI) regulates these combinations to prevent practices that could have an appreciable adverse effect on competition (AAEC). To effectively regulate combinations, the CCI notified the Competition Commission of India (Combinations) Regulations, 2024, on September 9, 2024, which came into effect on September 10, 2024. The key highlights of the notified Regulations include:
‣ Broader Definition of ‘Transaction Value’ under Section 5(d) of the Competition Act, 2002
‣ Criteria for Assessing 'Substantial Business Operations in India' under Section 5(d) of the Act
‣ Streamlining Notice Requirements under Sections 6 and 6A of the Act for Combinations
‣ Obligations to File Combination Notices
‣ Notice Requirements for Combinations
‣ Modifications to the Proposed Combination
