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of <h1>New Rules Set Minimum Asset and Turnover Values for Competition Act Compliance: 450 Crore and 1,250 Crore Rupees.</h1> The Ministry of Corporate Affairs has issued the Competition (Minimum Value of Assets or Turnover) Rules, 2024, under the authority of the Competition Act, 2002. Effective from September 10, 2024, these rules establish the minimum value thresholds for assets and turnover in accordance with clause (e) of section 5 of the Act. Specifically, the minimum asset value is set at 450 crore rupees, and the minimum turnover value is set at 1,250 crore rupees. These thresholds are crucial for determining the applicability of certain provisions under the Competition Act.
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