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

Under Section 29A of the Competition Act, 2002, after the Commission issues a statement of objections on a combination, within what period must the parties explain why the combination should be allowed to take effect?

The parties must explain within twenty-five days of receiving the statement of objections why the combination should be allowed to take effect. The seven and twelve day periods in Section 29A relate to later steps concerning proposed modifications.

  1. ASeven days of receipt of the statement of objections
  2. BTwelve days of receipt of the statement of objections
  3. CTwenty-five days of receipt of the statement of objectionsCorrect
  4. DSixty days of receipt of the statement of objections

Explanation

Section 29A(1) directs the parties to explain within twenty-five days of receipt of the statement of objections. Seven days and twelve days appear in sub-section (3) for other steps, namely the Commission's communication and the revised modification, so they are not the period for the explanation.

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