Cement Companies violate the provisions of the Competition Act, 2002

A large number of cement manufacturers have been found violating the provisions of the Competition Act, 2002.The Competition Commission of India (CCI) in two cases has found 11 cement manufacturers in contravention of Competition Act.

The Commission in its first order dated 20.06.2012 has imposed a penalty of Rs.6307.32 crores on 11 cement manufacturers. In its second order dated 30.07.2012, the Commission has imposed a penalty of Rs. 397.51 crores on Shree Cement Ltd. This was stated in the Rajya Sabha by Shri R.P.N. Singh, Minister of State in the Ministry of Corporate Affairs in reply to a USQ question.

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eMinds Legal Consulting Pvt. Ltd. is a Consulting Firm in India specialzing in Corporate Laws, Compliances, Secretarial, FEMA, Indirect Taxation, Cyber Laws & Contracts. The Firm comprises of a team of professionals of Company Secretaries, Lawyers and Chartered Accountants with an in-depth subject matter knowledge and participative industry experience of over 12 years.

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