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- MCA modifies the financial thresholds applicable to combinations and de-minimis exemption
On March 7, 2024, the MCA issued two notifications revising the (1) asset and turnover thresholds under Section 5 of the Competition Act, 2002 (Act) for notifying a transaction to the Competition Commission of India (CCI), and (2) asset and turnover threshold for claiming de-minimis exemption, respectively. The revised thresholds are captured below:
| Revised thresholds for de-minimis exemption* | ||
| Target | Assets (in India) | Turnover (in India) |
| INR 450 Crores (~ USD 54 million) | INR 1250 Crores (~ USD 150 million) | |
|
Revised jurisdictional thresholds* |
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| Assets | Turnover | ||
| Enterprise Level | India | > INR 2500 crores (~ USD 301 million) | > INR 7500 crores (~ USD 902 million) |
| Worldwide with India leg | > USD 1.25 billion and;
at least INR 1250 crores (~USD 150 million) in India |
> USD 3.75 billion and;
at least INR 3750 crores (~USD 451 million) in India |
|
|
OR |
|||
| Group Level | India | > INR 10000 crores (~USD 1.2 billion) | > INR 30000 crores (~USD 3.6 billion) |
| Worldwide with India leg | > USD 5 billion and;
at least INR 1250 crores (~USD 150 million) in India |
> USD 15 billion and;
at least INR 3750 crores (~USD 451 million) in India |
|
*All INR figures are converted to USD at 1 USD = INR 83.15 and the converted figures are rounded off.
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