CCI Lacks Jurisdiction Over ICAI’s CPE Activities: Delhi HC

ICAI Vs Competition Commission of India (Delhi High Court) Delhi High Court held that Competition Commission of India (CCI) does not have jurisdiction over the Continuing Professional Education (CPE) activities of the Institute of Chartered Accountants of India (ICAI). The decision of ICAI to conduct the CPE program as a regulator and not as a service provider falls within its statutory powers to regulate the accountancy profession. The CCI’s role as a market regulator does not extend to reviewing decisions of other statutory regulators that are unrelated to trade or commerce. ICAI’...