Published in:
Business Standard
Pubished on:
7 Mar 2016
The government has raised the financial threshold limit for companies seeking a nod from the Competition Commission for proposed mergers and acquisitions. The move aimed at improving the ease of doing business
The latest steps by the corporate affairs ministry would benefit businesses, especially start-ups, where dealvaluations are not too high.
In a notification, the ministry said it is enhancing “on the basis of the wholesale price index, the value of assets and the value of turnover, by hundred per cent for the purposes of Section 5 of the said (Competition) Act”.