What are the different types of combination under competition Commission Act 2002?
Types Of Combinations
- Horizontal Combinations. Horizontal Combinations involve the merging of enterprises or firms with identical level of production process, with substitute goods and are competitors.
- Non-Horizontal Combinations.
- Vertical Combinations.
- Conglomerate Combinations.
Which section of the Competition Act 2002 provides for combinations?
Section 6
Section 6 of the Act provides for the law relating to regulating Combinations. It prescribes that all transactions qualifying as a Combination should be notified to the Competition Commission of India in Form I (short form application) or Form II (long form application) as applicable.
What is regulation combination?
1. No person or enterprise shall enter into a combination which causes or is likely to cause an appreciable adverse effect on competition within the relevant market in India and such a combination shall be void.
What do you mean by combination in competition act?
Broadly, combination under the Act means acquisition of control, shares, voting rights or assets, acquisition of control by a person. over an enterprise where such person has direct or indirect control. over another enterprise engaged in competing businesses, and.
What is investigation of combination?
(1) Where the Commission is of the 1 [prima facie] opinion that a combination is likely to cause, or has caused an appreciable adverse effect on competition within the relevant market in India, it shall issue a notice to show cause to the parties to combination calling upon them to respond within thirty days of the …
What are the thresholds in case of combinations?
The thresholds relate to the assets and turnover of the parties to the combination, i.e., target enterprise and acquirer (or acquirer group) / merging parties (or the group to which merged entity would belong).
Which legislation introduced regulation of certain combinations which may stifle market competition?
Consequently, in 2002, the Indian Parliament approved a comprehensive competition legislation — the Competition Act 2002 (Competition Act), to regulate business practices in India so as to prevent practices having an appreciable adverse effect on competition (AAEC) in India.
What is the procedure of combination?
The Commission, if it is prima facie of the opinion that the combination has, or is likely to have, an appreciable adverse effect on competition, it shall, within seven working days from the date of receipt of the response of the parties to the comb nation, direct the parties to the said combination to publish details …
What is the procedure of investigation into combination?
What is competition advocacy in competition law?
A commonly accepted definition of competition advocacy is that it includes all activities of a competition agency that are intended to promote competition apart from those that involve enforcement of the competition law.
What is a combination under the Competition Act?
According to Section 5 of the Competition Act, 2002 a combination is an “acquisition of one or more enterprises by one or more persons or merger or amalgamation of enterprises shall be a combination of such enterprises and persons or enterprises”.
What are the provisions of the Competition Act of India?
The Act prohibits anti-competitive agreements, abuse of dominant position and regulates combinations (mergers and acquisitions) with a view to ensure that there is no adverse effect on competition in India. The provisions of the Act relating to regulation of combinations have been enforced with effect from 1st June, 2011 1 . WHAT IS COMBINATION?
When to deal with notice under Competition Act?
On receipt of the response, if Commission is of the prima facie opinion that the combination has or is likely to have appreciable adverse effect on competition, the Commission shall deal with the notice as per the provisions of the Act. Section 6 of the Act provides for the law relating to regulating Combinations.
What is the competition policy in the UK?
The competition policy in the U.K can be traced back to Restrictive Trade Act 1956. It is pertinent to note that legislation of mergers and monopolies was introduced in the Fair Trading Act of 1973. Moreover, in order to regulate the antitrust domestic laws the Competition Act, 1998 and Enterprise Act, 2002 were introduced in the United Kingdom.
