The Ministry of Corporate Affairs has revised the existing threshold value of assets and turnover mentioned under Section 5 of the Competition Act, 2002 (the ‘Act’).
Earlier, the threshold limits prescribed under Section 5 of the Act were revised in year 2011 vide notification S. O. No. 480 (E) dated March 04, 2011. Subsequently, the threshold limits were reviewed and revised in 2016 vide notification S. O. No. 675 (E) dated March 04, 2016.
The value of assets and turnover after revision is as under:
Earlier, the threshold limits prescribed under Section 5 of the Act were revised in year 2011 vide notification S. O. No. 480 (E) dated March 04, 2011. Subsequently, the threshold limits were reviewed and revised in 2016 vide notification S. O. No. 675 (E) dated March 04, 2016.
The value of assets and turnover after revision is as under:
#: As per the revised threshold, the increase in value is 150% over the original value under section 5 of the Competition Act, 2002.
In exercise of the powers conferred by clause (a) of section 54 of the Competition Act, 2002 (12 of 2003) it has also been decided with regards to de-minimis thresholds that the value of assets and turnover be enhanced from INR 350 crore (rupees three hundred fifty crore) to INR 450 crore (rupees four hundred fifty crore) for assets and from INR 1000 crore (rupees one thousand crore) to INR 1250 crore (rupees one thousand two hundred fifty crore) for turnover.
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The Press Release can be accessed at: https://pib.gov.in/PressReleasePage.aspx?PRID=2012821
