The correct answer is A. 60 days.
The Competition Act, 2002 (the Act) prohibits combinations that have an appreciable adverse effect on competition in India. The Act defines a combination as “acquisition, merger, amalgamation, takeover, or any other arrangement by which one or more enterprises acquire control over the affairs of one or more other enterprises”.
The Act provides that an enterprise cannot enter into a combination without first giving notice to the Competition Commission of India (CCI). The CCI is an independent statutory body that is responsible for regulating competition in India.
The notice to the CCI must be given at least 30 days before the proposed combination is to take effect. The CCI may, on its own motion or on the application of any person, investigate the proposed combination and may, after such investigation, pass an order either approving the combination or prohibiting it.
If the CCI approves the combination, the enterprise can enter into the combination after the expiry of 60 days from the date of the CCI’s order. If the CCI prohibits the combination, the enterprise cannot enter into the combination.
The options B, C, and D are incorrect because they are not the number of days, after giving notice to CCI, an enterprise can enter into a combination, as per the Competition Act, 2002.