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FM: CCI should safeguard Indian enterprises from abuse by overseas entities

Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman said here today that Competition Commission of India (CCI) should ensure Indian enterprises are safeguarded from abuse by entities operating from other jurisdictions. Smt. Sitharaman was speaking at the 10th anniversary celebrations of the CCI. Smt. Sitharaman said tha...

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Posted Under: Corporate Law |

Key recommendations of Competition Law Review Committee report

Report of the Competition Law Review Committee submitted to Union Finance and Corporate Affairs Minister Key recommendations include introduction of a ‘Green Channel’ for combination notifications to enable fast-paced regulatory approvals of mergers and acquisitions Shri Injeti Srinivas, Secretary (Corporate Affairs), today presented ...

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Posted Under: Corporate Law |

CCI finds conduct & practice of JP Associates in contravention of Law

Competition Commission of India finds the conduct and practice of Jaiprakash Associates Limited to be in contravention of Competition Law The Competition Commission of India (CCI) has found Jaiprakash Associates Limited (JAL) to be in contravention of the provisions of Section 4 of the Competition Act, 2002 (Act) for abuse of dominant pos...

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Posted Under: Corporate Law |

Consumer Protection Act to be more holistic & stringent to protect consumer interest

The Consumer Protection Act, 2019 to be more holistic and stringent to protect interest of consumers: Shri Ramvilas Paswan The Consumer Protection Act 2019 will be more holistic and  stringent once the rules are framed to protect the interest of the Consumer ,stating this at a press conference today Union Minister for Consumer Affairs ,F...

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Posted Under: Corporate Law |

IBBI prescribes CPE requirement for IP Professionals

(a) An IP shall undertake CPE in compliance with these Guidelines to keep his registration valid. (b) Authorisation for assignment shall not be issued or renewed to an IP who fails to comply with these Guidelines. (c) These Guidelines shall not apply to IPs who have completed the age of 65 years....

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Posted Under: Corporate Law |

CCI imposes penalty on SAAR IT Resources Private Limited and others

Competition Commission of India (‘Commission’) after detailed inquiry has found SAAR IT Resources Private Limited, CADD Systems and Services Private Limited and Pentacle Consultants (I) Private Limited  to be in contravention of the provisions of Section 3(3)(d) read with Section 3(1) of the Competition Act, 2002 (‘Act’),  ...

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Posted Under: Corporate Law |

Parliament passes Unlawful Activities (Prevention) Amendment Bill, 2019

Rajya Sabha passed the Unlawful Activities (Prevention) Amendment Bill, 2019 today. Union Minister for Home Affairs, Shri Amit Shah, replying to the debate on the Bill, appealed to the House to pass the bill unanimously to send a strong message to the world that terrorists are the enemies of humanity and India is committed to finish terro...

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Posted Under: Corporate Law |

Proposed Penalties under Motor Vehicles (Amendment) Bill, 2019

Stricter provisions for helmets have been introduced along with provisions for electronic detection of violations.  Penalty regarding motor vehicles is to be increased by 10 % every year...

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Posted Under: Corporate Law |

Lok Sabha passes Consumer Protection Bill, 2019

Under Consumer Protection Bill, 2019, there is provision for central government to set up a Central Consumer Protection Authority (CCPA) to promote, protect and enforce the rights of consumers and will be empowered to investigate, recall, refund and impose penalties....

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Posted Under: Corporate Law |

Supreme Court Cancels Registration of Amrapali Group Under RERA

A number of writ petitions were filed before the Hon’ble Supreme Court against the projects of various Companies of Amrapali Group in Noida and Greater Noida. In 2011, various housing projects were launched in Noida and Greater Noida by Amrapali Group of Companies to construct approximately 42,000 flats and it was assured that the deliv...

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Posted Under: Corporate Law |