image

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 by film producers who decided not to screen their movies in multiplexes over payment matters.

“They have been found having violated section 3 and 4 of the Competition Act 2002, which pertains to anti-competitive agreement and abuse of dominant position,” a CCI official told PTI.

In 2009, the Multiplex Owners’ Association had filed a complaint against the United Producers and Distributors Forum, the Association of Motion Pictures, the TV Programme Producers and Film and TV Producers Guild of India, among others.

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Leave a Reply

Your email address will not be published. Required fields are marked *

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Recent Articles

Recent Legal updates

Recent Gst Updates