{"id":330522,"date":"2024-09-10T17:30:01","date_gmt":"2024-09-10T12:00:01","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=330522"},"modified":"2024-09-10T15:57:55","modified_gmt":"2024-09-10T10:27:55","slug":"mca-notifies-competition-minimum-value-of-assets-or-turnover-rules-2024","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2024\/09\/10\/mca-notifies-competition-minimum-value-of-assets-or-turnover-rules-2024\/","title":{"rendered":"MCA notifies Competition (Minimum Value of Assets or Turnover) Rules, 2024"},"content":{"rendered":"
\n

On 9-9-2024, the Ministry of Corporate Affairs notified the Competition (Minimum Value of Assets or Turnover) Rules, 2024.<\/span> The provisions came into force on 10-9-2024.<\/p>\n

Key Points:<\/p>\n

    \n
  1. \n

    The rules are based on Section 5(e) of the Competition Act, 2002<\/a> relating to “Combination<\/span>”.<\/p>\n<\/li>\n

  2. \n

    When the value of assets or turnover, will be as mentioned under, of the enterprise being acquired\/ taken control of\/ merged\/ amalgamated in India, it will not constitute<\/span> a combination under Section 5:<\/p>\n

      \n
    • \n

      value of assets- Rs. 450 crore.<\/p>\n<\/li>\n

    • \n

      value of turnover- Rs. 1250 crore.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

      Minimum Value of assets\/ turnover laid down which will not constitute a Combination under Section 5 of Competition Act.<\/p>\n","protected":false},"author":67515,"featured_media":316824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,15],"tags":[18751,34729,72967,72966],"class_list":["post-330522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-rules_regulations","tag-competition-act","tag-mca","tag-value-of-turnover","tag-valueof-assets"],"yoast_head":"\nMinimum Value of Assets or Turnover | SCC Times<\/title>\n<meta name=\"description\" content=\"Ministry of Corporate Affairs notified Competition (Minimum Value of Assets or Turnover) Rules, 2024 laying down the value of assets or turnover which will not constitute a combination.\" \/>\n<meta name=\"robots\" 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