competition act

Detailed Comparison of CARO 2020 with CARO 2016

Company Law - Section 143 (11) of the Companies Act, 2013 stipulates that the Central Government may order for the inclusion of statement on specified matter in the auditor’s report for specified class or description of companies. Accordingly, CARO 2016 was issued in pursuance of Section 143 (11) of Companies Act 2013 for inclusion of the matters spe...

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How Brand Name Helping Startups to stand-out in a Competitive Market

Company Law - It was often felt that in order to make the business bigger you need to invest a huge amount of capital into it. But in today’s era, businesses require something really astonishing and it suggests that businesses today become bigger not because of money but because of ideas and a marketing technique. Hence today while […]...

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Why Merger of Vodafone & Idea is not Anti-Competitive

Company Law - Merger of large companies in same industry is Anti-Competitive but merger of Vodafone & Idea is not (though merged entity will have highest market share in Wireless Telecom Market). Here’s why? Introduction: Reliance Jio, A company which brought digital revolution in India and has changed the composition of telecom industry which wa...

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How Reliance Jio proved that free services by it were not Anti-Competitive

Company Law - CCI has concluded that mere provision of services at free of cost by itself cannot be termed as Anti-Competitive unless the same is evidenced by dominant enterprise and an Anti-Competitive objective of excluding competition / competitors which does not seem to be the current scenario after considering relevant market and competitors...

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Anti Competitive agreement and Abuse of Dominance

Company Law - Relevant Section: Sections 4 & 5 of the Competition Act, 2002. Section 4 of the Competition act discussed about the Anti-Competitive Agreement. What is Anti-Competitive Agreement? 1. Any agreement entered into in contravention of the provisions of the Act, 2. Any agreement entered into between- i. enterprises or ii. Association of en...

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CCI Issues SOP for Virtual Hearings

Company Law - COMPETITION COMMISSION OF INDIA Dated: 06.10.2020 Standard Operating Procedure (SOP) for Virtual Hearings Authorized Representatives (Advocates/ Chartered Accountants/ Company Secretaries/ Cost Accountants) / Parties/ Parties-in-Person shall follow the following protocol for hearings through virtual mode: 1. For conducting hearings throug...

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MCA invite Comments on Competition (Amendment) Bill, 2020

Company Law - Public comments are therefore hereby solicited on the draft Competition (Amendment) Bill, 2020. Copy of the CLRC Report, Competition Act, 2002 as well as Draft Competition (Amendment) Bill may be accessed at the web link mentioned below and comments, if any, may be submitted online therein by end of business hours on 06th March, 2020 posi...

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CCI approves acquisition of shareholding in GMR Airports

Company Law - CCI approves the acquisition of shareholding in GMR Airports Limited (GAL) by TRIL Urban Transport Private Limited (TUTPL), Valkyrie Investment Pte. Ltd. (Valkyrie) and Solis Capital (Singapore) Pte. Limited (Solis) under Section 31(1) of the Competition Act, 2002...

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CCI approves acquisition of 70% shareholding in SABIC

Company Law - CCI approves the acquisition of 70% shareholding in Saudi Basic Industries Corporation (SABIC) by Saudi Arabian Oil Company (Saudi Aramco), under Section 31(1) of the Competition Act, 2002, today....

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Key recommendations of Competition Law Review Committee report

Company Law - 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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SC dismisses application alleging cartelization & anti-competitive practices by Uber & Ola

Samir Agarwal Vs Competition Commission of India & Ors (Supreme Court of India) - SC held that Ola and Uber did not facilitate cartelization or anti-competitive practices between drivers as the drivers were independent individuals who acted independently of each other, therefore, section 3 of the CCI Act would not apply. ...

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CCI dismisses Plea Alleging Dominant Position abuse by Whatsapp & Facebook

Harshita Chawla Vs. WhatsApp Inc. & Facebook Inc. (Competition Commission of India) - Harshita Chawla Vs. WhatsApp Inc. & Facebook Inc. (Competition Commission of India) As regards the allegation of leveraging, the Commission does not agree with the Informant for reasons cited supra while dealing with the allegation under Section 4(2)(d) of the Act. The Informant has contended th...

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Motor Vehicle Compensation can also be Granted to Children & Parents

The New India Assurance Company Limited Vs. Smt. Somwati And Others (Supreme Court) - Supreme Court in a recent ruling has observed that in the Motor Accident Compensation Claims, that the children and family would also be authorized for compensation under 'Loss of consortium' in claims of Motor Accident under the Act....

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CCI closes complaint against West Bengal lotteries directorate, stockist

XYZ Vs Directorate of State Lotteries (Competition Commission of India) - XYZ Vs Directorate of State Lotteries (Competition Commission of India) Competition Commission has closed a complaint alleging unfair business practices by the Directorate of State Lotteries, West Bengal, and West Bengal Lottery Stockists Syndicate. Full Text of the order of Competition Commission o...

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AMMA violates anti-competitive conduct: NCLAT Delhi

Association of Malayalam Movie Artists Vs Competition Commission of India & Ors. (NCLAT Delhi) - ‘Association of Malayalam Movie Artistes’ (AMMA), Film Employees Federation of Kerala’ (FEFKA), ‘FEFKA Director’s Union’ and ‘FEFKA Production Executive’s Union’ and their office bearers were found to be liable under Section 48 for violation of anti-competitive conduct....

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Competition Commission of India (General) Amendment Regulations, 2020

No. L-3(2)/Regln-Gen.(Amdt.)/2020/CCI - (06/02/2020) - 1. (1) These regulations may be called the Competition Commission of India (General) Amendment Regulations, 2020. (2) They shall come into force on the date of their publication in the Official Gazette....

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Competition Commission of India (General) Amendment Regulations, 2019

Notification No. L-3(2)/Regln-Gen. (Amdt.)/2019/CCI - (20/11/2019) - (1) These regulations may be called the Competition Commission of India (General) Amendment Regulations, 2019. (2) They shall come into force on the date of their publication in the Official Gazette....

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Govt. increases fees for combinations under Competition Act, 2002

F. No. CCI/CD/Amend/Comb. Regl./2019(2) - (30/10/2019) - (1) These regulations may be called the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Second Amendment Regulations, 2019. (2) They shall come into force on the date of their publication in the Official Gazette....

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Banking companies exempted-from section 5 & 6 of Competition Act, 2002

Notification No. S.O. 2828(E) - (30/08/2017) - S.O. 2828(E).—In exercise of the powers conferred by clause (a) of Section 54 of the Competition Act, 2002 (12 of 2003), the Central Government in the public interest hereby exempts, all cases of reconstitution, transfer of the whole or any part thereof and amalgamation of nationalized banks, unde...

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Sec. 54 (a) Competition Act, 2002: Central Govt, exempts Regional Rural Banks

S.O. 2561(E) - (10/08/2017) - S.O. 2561(E).—In exercise of the powers conferred by clause (a) of section 54 of the Competition Act, 2002 (12 of 2003), the Central Government, in public interest, hereby exempts the Regional Rural Banks in respect of which the Central Government has issued a notification under sub-section (1) of...

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Recent Posts in "competition act"

Detailed Comparison of CARO 2020 with CARO 2016

Section 143 (11) of the Companies Act, 2013 stipulates that the Central Government may order for the inclusion of statement on specified matter in the auditor’s report for specified class or description of companies. Accordingly, CARO 2016 was issued in pursuance of Section 143 (11) of Companies Act 2013 for inclusion of the matters spe...

Read More
Posted Under: Corporate Law |

SC dismisses application alleging cartelization & anti-competitive practices by Uber & Ola

Samir Agarwal Vs Competition Commission of India & Ors (Supreme Court of India)

SC held that Ola and Uber did not facilitate cartelization or anti-competitive practices between drivers as the drivers were independent individuals who acted independently of each other, therefore, section 3 of the CCI Act would not apply. ...

Read More

CCI Issues SOP for Virtual Hearings

COMPETITION COMMISSION OF INDIA Dated: 06.10.2020 Standard Operating Procedure (SOP) for Virtual Hearings Authorized Representatives (Advocates/ Chartered Accountants/ Company Secretaries/ Cost Accountants) / Parties/ Parties-in-Person shall follow the following protocol for hearings through virtual mode: 1. For conducting hearings throug...

Read More
Posted Under: Corporate Law |

CCI dismisses Plea Alleging Dominant Position abuse by Whatsapp & Facebook

Harshita Chawla Vs. WhatsApp Inc. & Facebook Inc. (Competition Commission of India)

Harshita Chawla Vs. WhatsApp Inc. & Facebook Inc. (Competition Commission of India) As regards the allegation of leveraging, the Commission does not agree with the Informant for reasons cited supra while dealing with the allegation under Section 4(2)(d) of the Act. The Informant has contended that WhatsApp will leverage its dominance ...

Read More

Motor Vehicle Compensation can also be Granted to Children & Parents

The New India Assurance Company Limited Vs. Smt. Somwati And Others (Supreme Court)

Supreme Court in a recent ruling has observed that in the Motor Accident Compensation Claims, that the children and family would also be authorized for compensation under 'Loss of consortium' in claims of Motor Accident under the Act....

Read More

How Brand Name Helping Startups to stand-out in a Competitive Market

It was often felt that in order to make the business bigger you need to invest a huge amount of capital into it. But in today’s era, businesses require something really astonishing and it suggests that businesses today become bigger not because of money but because of ideas and a marketing technique. Hence today while […]...

Read More
Posted Under: Corporate Law |

Why Merger of Vodafone & Idea is not Anti-Competitive

Merger of large companies in same industry is Anti-Competitive but merger of Vodafone & Idea is not (though merged entity will have highest market share in Wireless Telecom Market). Here’s why? Introduction: Reliance Jio, A company which brought digital revolution in India and has changed the composition of telecom industry which wa...

Read More
Posted Under: Corporate Law |

How Reliance Jio proved that free services by it were not Anti-Competitive

CCI has concluded that mere provision of services at free of cost by itself cannot be termed as Anti-Competitive unless the same is evidenced by dominant enterprise and an Anti-Competitive objective of excluding competition / competitors which does not seem to be the current scenario after considering relevant market and competitors...

Read More
Posted Under: Corporate Law |

Anti Competitive agreement and Abuse of Dominance

Relevant Section: Sections 4 & 5 of the Competition Act, 2002. Section 4 of the Competition act discussed about the Anti-Competitive Agreement. What is Anti-Competitive Agreement? 1. Any agreement entered into in contravention of the provisions of the Act, 2. Any agreement entered into between- i. enterprises or ii. Association of en...

Read More
Posted Under: Corporate Law |

Provisions of Combination under Competition Act, 2002

Relevant Sections: Section 5 & 6 under the Competition Act, 2002. What is Combination? Section 5 of the Competition Act, 2002 Combination means- The acquisition of One or more enterprise by one or more persons, or Merger or Amalgamation of enterprise shall be a combination of such enterprises and persons or enterprises, if- Situation...

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Posted Under: Corporate Law |

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