Sangeeta Chakravarty, Galgotias University
ABSTRACT
Competition laws in India are the manifestation of the social and economic philosophy enshrined in the Directive Principles of State Policy contained in the Constitution. It is in pursuance of this constitutional objective that Competition Act, 2002 came into being, which aims to enhance economic growth and promotes consumer welfare. The Act prohibits many anti- competitive behavior like anti competitive agreements, abuse of dominant position, but, predominantly prohibits combinations resulting from merger, acquisition or amalgamation and causing an appreciable adverse effect on competition within the relevant market in India.
Not all combinations are prohibited it is only the ones that causes or are likely to cause an appreciable adverse effect in the relevant market are not permitted. This research paper follows a doctrinal method of research to elaborately study and analyse the law on regulation of Combinations under the Competition Act, 2002.
The provisions are neither too liberal nor too restrictive but a balanced vision enshrines here, this can be inferred from analyzing the threshold limits that scans only the big mergers and bring them under the purview of laws on regulation of combinations.
Keywords: Combination, CCI, assets, turnover, merger, AAEC, acquisitions, threshold, regulation, competition , market, etc..
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