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      Question

      What does "control" refer to in the context of business

      management or strategic decisions as per section 5 of the Competition Act?
      A The ability to oversee daily operations without influencing strategic decisions. Correct Answer Incorrect Answer
      B The ability to exercise material influence over the management or strategic decisions of an enterprise or group Correct Answer Incorrect Answer
      C The power to own 51% or more of a company’s shares Correct Answer Incorrect Answer
      D The right to supervise only financial decisions of an enterprise or group Correct Answer Incorrect Answer
      E The ability to influence external stakeholders, without any impact on internal management Correct Answer Incorrect Answer

      Solution

      Explanation: Section 5 Combination: Explanation.--For the purposes of this section,-- (a) "control" means the ability to exercise material influence, in any manner whatsoever, over the management or affairs or strategic commercial decisions by-- (i) one or more enterprises, either jointly or singly, over another enterprise or group; or (ii) one or more groups, either jointly or singly, over another group or enterprise.

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