law: The Competition Act, 2002 
  5. Combination.-
  The acquisition of
  
  one or more enterprises by one or more persons or merger or amalgamation of
  
  enterprises shall be a combination of such enterprises and persons or
  
  enterprises, if- 
  a.  
  
    any
  
  acquisition where- 
   
  
   i.  
  
    the
  
  parties to the acquisition, being the acquirer and the enterprise, whose
  
  control, shares, voting rights or assets have been acquired or are being
  
  acquired jointly have,- 
  A.   either, in India, the
  
  assets of the value of more than rupees one thousand crores or turnover more
  
  than rupees three thousand crores; or
  B.   in India or outside
  
  India, in aggregate, the assets of the value of more than five hundred million
  
  US dollars or turnover more than fifteen hundred million US dollars; or
   
  
   i.  
  
  
  the
  
  group, to which the enterprise whose control, shares, assets or voting rights
  
  have been acquired or are being acquired, would belong after the acquisition,
  
  jointly have or would jointly have,- 
  A.   either in India, the
  
  assets of the value of more than rupees four thousand crores or turnover more
  
  than rupees twelve thousand crores; or
  B.   in India or outside
  
  India, in aggregate, the assets of the value of more than two billion US
  
  dollars or turnover more than six billion US dollars; or
  a.  
  
  
  b.  
  
    acquiring
  
  of control by a person over an enterprise when such person has already direct
  
  or indirect control over another enterprise engaged in production, distribution
  
  or trading of a similar or identical or substitutable goods or provision of a
  
  simi ar or identical or substitutable service, if- 
   
  
   i.  
  
    the
  
  enterprise over which control has been acquired along with the enterprise over
  
  which the acquirer already has direct or indirect control jointly have,- 
  A.   either in India, the
  
  assets of the value of more than rupees one thousand crores or turnover more
  
  than rupees three thousand crores; or
  B.   in India or outside
  
  India, in aggregate, the assets of the value of more than five hundred million
  
  US dollars or turnover more than fifteen hundred million US dollars; or
   
  
   i.  
  
  
  the
  
  group, to which enterprise whose control has been acquired, or is being
  
  acquired, would belong after the acquisition, jointly have or would jointly
  
  have,- 
  A.   either in India, the
  
  assets of the value of more than rupees four thousand crores or turnover more
  
  than rupees twelve thousand crores; or
  B.   in India or outside
  
  India, in aggregate, the assets of the value of more than two billion US
  
  dollars or turnover more than six billion US dollars; or
  C.   any merger or
  
  amalgamation in which- 
   
  
   i.  
  
    the
  
  enterprise remaining after merger or the enterprise created as a result of the
  
  amalgamation, as the case may be, have,- 
  A.   either in India, the
  
  assets of the value of more than rupees one thousand crores or turnover more
  
  than rupees three thousand crores; or
  B.   in India or outside
  
  India, in aggregate, the assets of the value of more than five hundred million
  
  US dollars or turnover more than fifteen hundred million US dollars; or
   
  
   i.  
  
  
   
  
   ii.  
  
    the
  
  group, to which the enterprise remaining after the merger or the enterprise
  
  created as a result of the amalgamation, would belong after the merger or the
  
  amalgamation, as the case may be, have or would have,- 
  A.   either in India, the
  
  assets of the value of more than rupees four thousand crores or turnover more
  
  than rupees twelve thousand crores; or
  B.   in India or outside
  
  India, the assets of the value of more than two billion US dollars or turnover
  
  more than six billion US dollars. Explanation.-For the purposes of this
  
  section,- 
  a.   "control"
  
  includes controlling the affairs or management by- 
    
  
   i.   one or more
  
  enterprises, either jointly or singly, over another enterprise or group;
    
  
   ii.   one or more groups,
  
  either jointly or singly, over another group or enterprise;
  a.  
  
  
  b.   "group"
  
  means two or more enterprises which, directly or indirectly, are in a position
  
  to –
    
  
   i.   exercise twenty-six
  
  per cent. or more of the voting rights in the other enterprise; or
    
  
   ii.   appoint more than
  
  fifty per cent. of the members of the board of directors in the other
  
  enterprise; or
    
  
   iii.   control the
  
  management or affairs of the other enterprise;
  a.  
  
  
  b.  
  
  
  c.   the value of assets
  
  shall be determined by taking the book value of the assets as shown, in the
  
  audited books of account of the enterprise, in the financial year immediately
  
  preceding the financial year in which the date of proposed merger falls, as
  
  educed by any depreciation, and the value of assets shall include the brand
  
  value, value of goodwill, or value of copyright, patent, permitted use,
  
  collective mark, registered proprietor, registered trade mark, registered user,
  
  homonymous geographical indication, geographical indications, design or
  
  layout-design or similar other commercial rights, if any, referred to in
  
  sub-section (5) of section 3.