Implementation of Geneva Conventions Act, 2012
R 385
Competition Act, 1998 (Act No. 89 of 1998)Chapter 3 : Merger Control15. Revocation of merger approval and enforcement of merger conditions |
[Section 15 heading substituted by section 10(a) of Notice No. 175, GG 42231, dated 14 February 2019]
| (1) | The Competition Commission may revoke its own decision to approve or conditionally approve a small or intermediate merger or, in respect or conditionally approval, make any appropriate decision regarding any condition relating to the merger, including the issues referred to in section 12A(3)(b) and (c) if— |
| (a) | the decision was based on incorrect information for which a party to the merger is responsible; |
| (b) | the approval was obtained by deceit; or |
| (c) | a firm concerned has breached an obligation attached to the decision. |
[Section 15(1) substituted by section 10(b) of Notice No. 175, GG 42231, dated 14 February 2019]
| (2) | If the Competition Commission revokes a decision to approve a merger under subsection (1), it may prohibit that merger even though any time limit set out in this Chapter may have elapsed. |
[Section 15 substituted by section 6 of Notice No. 1354, GG 21880, dated 13 December 2000]
