competition act - Page 4

CCI approves acquisition of 70% shareholding in SABIC

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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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 |

CCI: Complexities in Claiming Item – 1 Exemption

Item 1 of Schedule 1 of the Competition commission of India (Procedure in regard to transaction of Business relating to combinations) [hereinafter, the regulations] declares that there is no requirement to notify the commission if the acquisitions are either made in the ordinary course of business or for solely investment purposes as they...

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Posted Under: Corporate Law |

CCI imposes Penalty on Chemists and Druggists Association of Baroda

Competition Commission of India (CCI) imposes Penalty on Chemists and Druggists Association of Baroda The Competition Commission of India (‘Commission’) has found the Chemists and Druggists Association of Baroda (‘CDAB’) to be in contravention of the provisions of the Competition Act, 2002 (‘Act’). A complaint/information wa...

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Posted Under: Corporate Law |

MCA Invites public comments on Competition Act, 2002

The Ministry of Corporate Affairs (MCA) constituted a Competition Law Review Committee to review the competition Act/Rules/Regulations in view of changing business environment and bring necessary changes, if required....

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Posted Under: Corporate Law |

Rounding Off Railway Fares Prima Facie Abuse of Dominance: CCI

Mr. Meet Shah Vs Union of India, Ministry of Railway (Competition Commissioner of India)

Mr. Meet Shah Vs Union of India, Ministry of Railway (Competition Commissioner of India) Railway and IRCTC (Opposite Parties) have not been able to convince the Commission as to why the policy of rounding off of actual base fares to the next higher multiple of Rs.5 is applicable to the sale of online tickets, when […]...

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Motive Irrelevant In determining Abuse Of Dominance: CCI

Velankani Electronics Private Limited Vs Intel Corporation (Competition Commission of India)

Velankani Electronics Private Limited Vs Intel Corporation (Competition commission of India) The OP has also argued that it has no incentive to deny access to anyone to the Server or Server-Board market segment. The OP’s interests are aligned to ensure multiple manufacturers of Server-Boards and Servers. Since the OP’s primary focus i...

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Govt constitutes Competition Law Review Committee

In pursuance of its objective of ensuring that Legislation is in sync with the needs of strong economic fundamentals, the Government has constituted a Competition Law Review Committee to review the Competition Act....

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Posted Under: Corporate Law |

CCI imposes penalty upon Esaote for abusing dominant position

House of Diagnostics LLP Vs. Esaote S.p.A & other (Competition Commission of India)

The Competition Commission of India (CCI) has imposed a penalty of Rs. 9.33 lac upon Esaote S.p.A and Esaote Asia Pacific Diagnostic Pvt. Ltd. (‘Esaote’) for abusing dominant position in supplying dedicated standing/ tilting MRI machines....

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