Suggest the regulations to be referred to in respect of Combinations under the Competition Act, 2002.
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Suggest the regulations to be referred to in respect of Combinations under the Competition Act, 2002.
Answer & Explanation:
The regulations to be referred to in respect of Combinations under the Competition Act, 2002 are: Section 6 of the Competition Act, 2002, which regulates a 'combination' by prohibiting any person or enterprise from entering into a combination which causes or is likely to cause an appreciable adverse effect on competition within the relevant market in India. Any person who proposes to enter into a combination shall give notice to the Commission in the Form specified, and the fee which may be determined disclosing the details of the proposed combination. Any person who proposes to enter into a combination shall comply with the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011. The provisions for this combination shall not be applicable to share subscription or financing facility by a public financial institution, foreign institutional investor, any bank or venture fund.
Topics: Competition Law
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