law: The Competition Act, 2002 
  31. Orders of
  
  Commission on certain combinations.-
  1.  
  
    Where
  
  the Commission is of the opinion that any combination does not, or is not
  
  likely to, have an appreciable adverse effect on competition, it shall, by
  
  order, approve that combination including the combination in respect of which a
  
  notice has been given under sub-section (2) of section 6.
  2.  
  
    Where
  
  the Commission is of the opinion that the combination has, or is likely to
  
  have, an appreciable adverse effect on competition, it shall direct that the
  
  combination shall not take effect.
  3.  
  
    Where
  
  the Commission is of the opinion that the combination has, or is likely to
  
  have, an appreciable adverse effect on competition but such adverse effect can
  
  be eliminated by suitable modification to such combination, it may propose
  
  appropriate modification to the combination, to the parties to such
  
  combination.
  4.  
  
  
  
    The
  
  parties, who accept the modification proposed by the Commission under
  
  sub-section (3), shall carry out such modification within the period specified
  
  by the Commission.
  5.  
  
    If
  
  the parties to the combination, who have accepted the modification under
  
  sub-section (4), fail to carry out the modification within the period specified
  
  by the Commission, such combination shall be deemed to have an appreciable
  
  adverse effect on competition and the Commission shall deal with such combination
  
  in accordance with the provisions of this Act.
  6.  
  
    If
  
  the parties to the combination do not accept the modification proposed by the
  
  Commission under sub-section (3), such parties may, within thirty working days
  
  of the modification proposed by the Commission, submit amendment to the
  
  modification proposed by the Commission under that sub-section.
  7.  
  
    If
  
  the Commission agrees with the amendment submitted by the parties under
  
  sub-section (6), it shall, by order, approve the combination.
  8.  
  
    If
  
  the Commission does not accept the amendment submitted under sub-section (6),
  
  then, the parties shall be allowed a further period of thirty working days
  
  within which such parties shall accept the modification proposed by the
  
  Commission under sub-section (3).
  9.  
  
    If
  
  the parties fail to accept the modification proposed by the Commission within
  
  thirty working days referred to in sub-section (6) or within a further period
  
  of thirty working days referred to in sub-section (8), the combination shall be
  
  deemed to avian appreciable adverse effect on competition and be dealt with in
  
  accordance with the provisions of this Act.
  10.  
  
    Where
  
  the Commission has directed under sub-section (2) that the combination shall
  
  not take effect or the combination is deemed to have an appreciable adverse effect
  
  on competition under sub-section (9), then, without prejudice to any penalty
  
  which may be imposed or any prosecution which may be initiated under this Act,
  
  the Commission may order that- 
  a.   the acquisition
  
  referred to in clause (a) of section 5; or
  b.   the acquiring of
  
  control referred to in clause (b) of section 5; or
  c.   the merger or
  
  amalgamation referred to in clause (c) of section 5, shall not be given effect
  
  to: Provided that the Commission may, if it considers appropriate, frame a
  
  scheme to implement its order under this sub-section.
  1.  
  
  
  2.  
  
  
  
  
  3.  
  
  
  4.  
  
  
  5.  
  
  
  6.  
  
  
  7.  
  
  
  8.  
  
  
  9.  
  
  
  10.  
  11.  
  
    If
  
  the Commission does not, on the expiry of a period of ninety working days from
  
  the date of publication referred to in sub-section (2) of section 29, pass an
  
  order or issue direction in accordance with the provisions of sub-section (1)
  
  or sub-sect on (2) or sub-section (7), the combination shall be deemed to have
  
  been approved by the Commission. Explanation.-For the purposes of determining
  
  the period of ninety working days specified in this sub-section, the period of
  
  thirty working days specified in sub-section (6) and a further period of thirty
  
  working days specified in sub-section (8) shall be excluded.
  12.  
  
    Where
  
  any extension of time is sought by the parties to the combination, the period
  
  of ninety working days shall be reckoned after deducting the extended time
  
  granted at the request of the parties.
  13.  
  
    Where
  
  the Commission has ordered a combination to be void, the acquisition or
  
  acquiring of control or merger or amalgamation referred to in section 5, shall
  
  be dealt with by the authorities under any other law for the time being in
  
  force as if such acquisition or acquiring of control or merger or amalgamation
  
  had not taken place and the parties to the combination shall be dealt with
  
  accordingly.
  14.  
  
  
  
    Nothing
  
  contained in this Chapter shall affect any proceeding initiated or which may be
  
  initiated under any other law for the time being in force.