CMA Final · Corporate and Economic Laws · The Competition Act, 2002

After completing the process under Section 29, the Commission forms the opinion that a combination is likely to have an appreciable adverse effect on competition and issues a statement of objections. The parties offer a modification, which the Commission finds insufficient. Which sequence of timelines matches Section 29A?

The parties have twenty-five days to respond to the statement of objections. If the Commission rejects their proposed modification, it must say why within seven days, and the parties then have twelve days to furnish a revised modification.

1. AParties explain within twenty-five days of receipt of the statement; Commission communicates insufficiency within seven days of receiving the modification; parties give revised modification within twelve days of that communicationCorrect
2. BParties explain within thirty days of receipt of the statement; Commission communicates insufficiency within fifteen days; parties give revised modification within seven days
3. CParties explain within twenty-five days of receipt of the statement; Commission communicates insufficiency within twelve days; parties give revised modification within seven days
4. DParties explain within twelve days of receipt of the statement; Commission communicates insufficiency within seven days; parties give revised modification within twenty-five days