Deemed approval of combinations introduced where the competition authority fails to form a prima facie opinion, enabling approval absent order.

Amendments to section 31 add a proviso deeming a combination approved if the Commission does not form a prima facie opinion under section 29(1B), permit approval subject to modifications to remove appreciable adverse effects, require parties to implement such modifications within a Commission specified period, and empower the Commission to direct non effect, declare voidness, or frame a remedial scheme where modifications are not made or cannot remedy the adverse effect; combinations are also deemed approved if no order or direction is issued within the prescribed statutory time after notice under section 6(2).

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