Section 31 of CA, 2002 : Section 31: Orders Of Commission On Certain Combinations
CA, 2002
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Explanation using Example
Imagine a scenario where Company A and Company B, both major players in the smartphone industry, decide to merge. This merger could potentially control a significant share of the market, raising concerns about reduced competition and higher prices for consumers.
The Competition Commission of India (CCI) reviews the proposed merger under Section 31 of the Competition Act, 2002. After thorough analysis, the CCI might find that the merger does not have any appreciable adverse effect on competition, and thus, approves the merger under subsection (1).
However, if the CCI determines that the merger would ...
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