India: Ministry of Corporate Affairs adopted the Competition (Minimum Value of Assets or Turnover) Rules, 2024

On 9 September 2024, the Ministry of Corporate Affairs adopted the Competition (Minimum Value of Assets or Turnover) Rules, 2024, under the Competition Act, 2002. The rules set the minimum thresholds for assets and turnover at INR 450 crore and INR 1,250 crore respectively, determining when business combinations must be notified to the Competition Commission of India. The rules apply to companies engaged in combinations meeting these financial criteria and came into force on 10 September 2024.