(1) Where the Commission is of the opinion that any combination does not, or is not likely to, have an appreciable adverse effect on competition, it shall, by order, approve that combination including the combination in respect of which a notice has been given under sub-section (2) of section 6.

(2) If the Commission is of the opinion that the combination has, or is likely to have, an appreciable adverse effect on competition but such adverse effect can be eliminated by suitable modification to such combination, it may propose appropriate modification to the combination to the parties to such combination.

(3) If the parties to the combination accept the modification proposed by the Commission under sub-section (2), the combination shall be approved by the Commission.

(4) If the modification proposed by the Commission under sub-section (2) is not accepted by the parties to the combination and the parties fail to come up with any alternative modifications, the combination shall be disapproved by the Commission.

(5) Any order of the Commission under this section shall be communicated to the parties to the combination and published on the official website of the Commission.

(6) Where a combination has been approved by the Commission under this section, the Central Government, the State Government or any statutory authority, while making any decision relating to the combination, shall take note of the order passed under this section.

(7) If the Commission does not, on the expiry of a period of two hundred and ten days from the date of notice given under sub-section (2) of section 6, pass an order approving or disapproving the combination, such combination shall be deemed to have been approved by the Commission.