Investigation of Pharma Companies by SFIO

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Rajya Sabha that 33 cases have been investigated by SFIO during the last 3 years i.e. 2008-09, 2009-10, 2010-11 and 2011-12 (till date 05.08.2011).

Replying to a written question the Minister said the pharma companies like Cipla and Sun have not been probed by SFIO, as no investigation has been ordered against these companies.

Competition Appellate Tribuanl

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Rajya Sabha since its inception on 20th May, 2009, the Competition Appellate Tribunal (CAT) has received 36 appeals against decisions of the Competition Commission of India. CAT functions out of New Delhi and has no benches outside.

CAT has disposed of 24 appeals till the end of July, 2011. In addition, CAT disposed of 1426 cases out of 1825 cases of the erstwhile Monopolies Restrictive Trade Practices Commission, which were transferred to the CAT. Out of these 1426 disposed cases, 114 cases have been restored on review applications.

The Minister was replying to a written question regarding number of appeals received at the Competition Appellate Tribunal (CAT) during the last three years, State-wise.

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Category : Corporate Law (3386)
Type : News (12540)
Tags : competition act (102) SFIO (34)

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