Anumeha Sahai, Research Scholar
ABSTRACT
For any economy, markets are the backbone which can be affected by the harmful anti-competitive practices prevalent among the enterprises and hence there is a need for a robust competition law. The Act includes anti-competitive agreements, abuse of dominance and combinations under the ambit of anti-competitive practices, which if not regulated would hamper the overall development of the economy. Now, Combination is an umbrella term which includes mergers, amalgamations and acquisitions. Not all combinations are pro-competitive and should be allowed.1 The Act provides the threshold limit which is the deciding factor for approving and disproving any combination. Combination that exceeds the threshold limits specified in the Act, which causes or is likely to cause an appreciable adverse impact on competition within the relevant market in India, can be scrutinized by the Competition Commission of India (CCI). To keep pace with the advancements in the market the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011 has been amended by CCI vide notification dated 13th August, 2019. The amended Combination Regulations came into effect on 15 August 2019.The amendment has inserted Regulation 5A and Schedule III & IV into the Combination Regulation.
Keywords: Combinations, anti-competitive practices, regulations
