Yes. In the De-minimis exemption under the Competition Act, 2002, the exemption is available only when the target enterprise’s assets AND turnover are both within the prescribed limits. So, if: either the asset limit is crossed, or the turnover limit is crossed, then the benefit of De-minimis exemption is not available, and the transaction will be examined as a regular combination (subject to other thresholds).

Answer given by Shubhamm Sir at 09-May-2026 01:52 PM