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of <h1>Section 5 of Competition Act, 2002: Defines Combinations, Sets Financial Thresholds for Mergers and Acquisitions.</h1> Section 5 of the Competition Act, 2002, defines combinations as mergers, acquisitions, or amalgamations that meet certain financial thresholds. These include acquisitions where the combined assets or turnover exceed specified limits in India or globally, or where control is acquired over an enterprise already engaged in similar activities. The Act sets thresholds for assets and turnover, both domestically and internationally, to determine if a combination is significant enough to warrant regulation. It also provides definitions for terms like 'control,' 'group,' and 'turnover,' and outlines how transactions are evaluated for compliance with these thresholds.
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