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Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2013 - F.No.3-11Amend/Comb. Regl./2013/CD/CCI - Competition Law
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Exemption for limited incremental share acquisitions clarifies when minority stake increases fall outside combination filings. The Regulations amend Schedule I to exempt specific transactions from combination review: limited incremental share acquisitions by an acquirer or its group that do not result in sole or joint control; routine acquisitions of current assets in the ordinary course of business; intra group transfers of shares or assets except where the acquired enterprise is jointly controlled by non group parties; and mergers or amalgamations within group structures or between enterprises with majority ownership links, provided no transfer from joint to sole control occurs.
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Provisions expressly mentioned in the judgment/order text.
Exemption for limited incremental share acquisitions clarifies when minority stake increases fall outside combination filings.
The Regulations amend Schedule I to exempt specific transactions from combination review: limited incremental share acquisitions by an acquirer or its group that do not result in sole or joint control; routine acquisitions of current assets in the ordinary course of business; intra group transfers of shares or assets except where the acquired enterprise is jointly controlled by non group parties; and mergers or amalgamations within group structures or between enterprises with majority ownership links, provided no transfer from joint to sole control occurs.
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