Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
MCA notifies Threshold Limit of Minimum ₹450 Crore Asset and ₹1,250 Crore Turnover for Combinations under Competition Act
The Ministry of Corporate Affairs (MCA) has set new threshold limits under the Competition Act, stipulating that combinations (mergers or acquisitions) involving entities with assets exceeding ₹450 crore or turnover exceeding ₹1,250 crore will require clearance from the Competition Commission of India (CCI). This update aims to regulate larger corporate mergers and acquisitions to prevent market monopolies and ensure fair competition. By setting these thresholds, the MCA seeks to strike a balance between promoting business growth and preventing anti-competitive practices. The new rules provide clearer guidelines for companies looking to engage in large-scale transactions and underscore the government’s commitment to maintaining a competitive market environment.