Cabinet Committee Decisions taken on Investment since 30th January 2013

The Cabinet in its meeting held on 13.12.2012 approved the proposal of D/o Economic Affairs for constituting a new Cabinet committee on Investment. Accordingly, the Cabinet Committee on Investment was constituted by the Cabinet Secretariat letter no 1/11/3/2012-Cab dated 02.01.2013. The functions of the Committee are as under: (i) to identify key projects required to… Read More

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Compulsory registration with trade associations before exhibition of product is anti-competitive in terms of the provisions of Section 3 of the Competition Act

CLR Editorial Notes: In the present case, the informant (M/s. Shri Ashtavinayak Cine Vision Limited) has alleged that local association of distributors and exhibitors by making it compulsory for every film distributor to become their member and/ or register its film with the associations before the exhibition of such films, are strengthening their dominant position… Read More

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Year End Review of Competition Commission of India for 2012

The following is an excerpt from the year-end review of the major achievements & other highlights of the Competition Commission of India (CCI), which happened under the Ministry of Corporate Affairs' (MCA) and the able guidance of Union Minister Shri Sachin Pilot. Read More

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Competition Commission of India Action Against Carmakers

Competition Commission of India (CCI), on receipt of information under Section 19(1) (a) of the Competition Act, 2002 alleging anti-competitive practices against certain car manufacturers, has initiated proceedings under the provisions of the Competition Act, 2002.This information was given by Shri Sachin Pilot, Minister of Corporate Affairs in written reply to a question in the… Read More

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CCI fines DLF for Rs. 630 crores

The Competition Commission of India (CCI), the free trade regulator, has imposed a penalty of Rs 630 crore on real estate major DLF for misusing its dominant position in the market by drafting one-sided agreements with flat buyers in Belaire housing complex in Gurgaon. CCI has also asked the real estate company to modify unfair conditions imposed… Read More

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NSE abusing its dominant position: CCI

Competition watchdog CCI today pronounced the National Stock Exchange (NSE) guilty of abusing its dominant market position by adopting unfair trade practices in connection with currency derivatives trading. However, the quantum of fine to be levied on NSE is yet to be ascertained. "The Commission has pronounced NSE guilty of violating section 4 of the… Read More

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CCI imposed penalty on 27 film producers for cartel formation

The Competition Commission of India (CCI) today imposed a penalty of Rs one lakh each on 27 film producers on charges of colluding through a cartel to exploit theatre owners. The CCI imposed the fine on filmmakers after having found them guilty of entering into anti-competitive agreement. The issue pertains to the strike in 2009… Read More

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CCI issues show cause notice to NSE for alleged violation of Competition Act

The MCX-SX in its representation to the CCI in November 2009 had alleged that NSE had substantially reduced admission and trade related fees to eliminate competition and discourage other entities from entering the market. MCX-SX is promoted by commodity exchange MCX and Financial Technologies . Based on this complaint, the CCI had ordered a probe into the… Read More

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CCI Releases Regulation of Combinations for Corporate Sector

The Competition Commission of India (CCI) today released the regulation of Combinations related with the implementation of provisions of Section 5 & 6 of Competition Act (the Combination Provisions, which have  been envisaged to prevent creation of anti competitive environment in Indian economy),are coming into effect from 1st June, 2011. Elaborating the modalities of new rules  to the media… Read More

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CCI notifies Combination Regulations to regulate M&As

Competition Commission of India (CCI) (Procedure in regard to the transaction of business relating to combination) Regulation 2011 The Competition Commission of India (CCI) today  notified regulations requiring corporates to seek its approval before going in for high value mergers and acquisitions. Only those proposals would need the CCI™s nod where the companies have combined assets… Read More

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CCI nod necessary for M&As to check Monopolies

The government today said it will keep an eye on those merger and acquisition deals that create monopolies and impede economic growth. "The Competition Commission of India (CCI) will check mergers that end up creating monopolies or abuse of dominance harmful to consumers and small producers and impede orderly economic growth," Corporate Affairs Minister (MCA)… Read More

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