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).
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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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