https://www.taxtmi.com/news?id=3839 Amendments revise the definitions of turnover and Group, reduce the overall time limit for finalising combinations from 210 days to 180 days, and modify procedural aspects of the Competition Commission's workings. A new Section 5A permits the Central Government, in consultation with the Commission, to set different thresholds for classes of enterprises for examining acquisitions, mergers and amalgamations. The proposal also provides for mandatory inter-regulatory referrals between the Commission and sectoral regulators for competition-related matters. en-us Fri, 05 Oct 2012 11:51:21 +0530 Fri, 05 Oct 2012 11:51:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3839 Amendments revise the definitions of turnover and Group, reduce the overall time limit for finalising combinations from 210 days to 180 days, and modify procedural aspects of the Competition Commission's workings. A new Section 5A permits the Central Government, in consultation with the Commission, to set different thresholds for classes of enterprises for examining acquisitions, mergers and amalgamations. The proposal also provides for mandatory inter-regulatory referrals between the Commission and sectoral regulators for competition-related matters. News - Fri, 05 Oct 2012 11:51:21 +0530 https://www.taxtmi.com/news?id=3839