Question
Download Solution PDFAccording to the Competition Amendment Bill, 2022, the penalty for gun-jumping is proposed to be ____ of the deal value.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 1%.Key Points
- The Competition Amendment Bill, 2022 proposes a penalty for gun-jumping.
- Gun-jumping refers to the act of merging or acquiring a company before obtaining regulatory approval.
- The proposed penalty for gun-jumping is 0.01% of the deal value.
- This penalty aims to discourage companies from violating competition laws and to ensure fair competition in the market.
Additional Information
- India recently passed the Competition (Amendment) Act, 2023.
- The Competition Act, 2002, the country's main competition law, is altered in a number of ways by the Act.
- The changes are intended to strengthen competition regulation, streamline procedures, and promote an environment that is business-friendly.
Last updated on Jul 10, 2025
-> SSC MTS Notification 2025 has been released by the Staff Selection Commission (SSC) on the official website on 26th June, 2025.
-> For SSC MTS Vacancy 2025, a total of 1075 Vacancies have been announced for the post of Havaldar in CBIC and CBN.
-> As per the SSC MTS Notification 2025, the last date to apply online is 24th July 2025 as per the SSC Exam Calendar 2025-26.
-> The selection of the candidates for the post of SSC MTS is based on Computer Based Examination.
-> Candidates with basic eligibility criteria of the 10th class were eligible to appear for the examination.
-> Candidates must attempt the SSC MTS Mock tests and SSC MTS Previous year papers for preparation.