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of <h1>Government Exempts Small Enterprises from Competition Act's Section 5 for Five Years, Later Rescinded in 2017.</h1> The Central Government, under the Competition Act, 2002, exempts enterprises with assets valued at no more than INR 350 crores or a turnover not exceeding INR 1,000 crores in India from the provisions of section 5 of the Act. This exemption is effective for five years from the notification's publication date in the official gazette. This decision, made in public interest, was issued by the Ministry of Corporate Affairs on March 4, 2016, and later rescinded on March 27, 2017.
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