India: Competition (Minimum Value of Assets or Turnover) Rules, 2024 entered into force

On 10 September 2024, the Competition (Minimum Value of Assets or Turnover) Rules, 2024, under the Competition Act, 2002 entered into force. 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.