(1) The Commission shall form its prima facie opinion under sub-section (1) of section 29 of the Act, on the notice filed in Form I or Form II, as the case may be, as to whether the combination is likely to cause or has caused an appreciable adverse effect on competition within the relevant market in India, within thirty days of receipt of the said notice.
(2) For the purpose of forming its prima facie opinion under sub-section (1) of section 29 of the Act, the Commission may, if considered necessary, require the parties to the combination to file additional information or accept modification, if offered by the parties to the combination before the Commission has formed prima facie opinion under sub-regulation (1), as deemed fit by it:
Provided that the time taken by the parties to the combination, in furnishing the additional information or for offering modification shall be excluded from the period provided in sub-regulation (1) of this regulation and sub-section (11) of section 31 of the Act. .
[*n*T I I I—WZ 4 ] «IRcT '351 TFSjtT? : SFFPTî T 4 5
Provided further that in such a case where the modification is offered by the part to the combination before the Commission has formed the prima facie opinion under subregulation (1), the additional time, not exceeding fifteen days, needed for evaluation of the offered modification, shall be excluded from the period provided in sub-regulation (1) of this regulation and sub-section (11) of section 31 of the Act.
(3) Where the Commission deems it necessary , it may call for information from any other enterprise while inquiring as to whether a combination has caused or is iikely to cause an appreciable adverse effect on competition in India.