Posts Tagged ‘Competition Act’


Competition Commission of India (CCI), on receipt of information under Section 19(1) (a) of the Competition Act, 2002 alleging anti-competitive practices against certain car manufacturers, has initiated proceedings under the provisions of the Competition Act, 2002. This information was given by Shri Sachin Pilot, Minister of Corporate Affairs in written reply to a question in the Rajya Sabha today.

Source: Press Information Bureau.

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The Union Cabinet has approved the proposal of the Ministry of Corporate Affairs to further amend the Competition Act, 2002, with a view to fine tune it and to meet the present day needs in the field of competition, in the light of the experiences gained in the actual working of the Competition Commission of India in the last few years.

Major amendments approved by the Cabinet relate to changing the definition of “turnover”, “Group”, reducing the overall time limit of finalization of combinations from 210 days to 180 days and insertion of a new Section 5A enabling the Central Government to lay down, in consultation with the Competition Commission of India, different thresholds for any class or classes of enterprises for the purpose of examining acquisitions, mergers and amalgamations by the Commission. The other amendments relate to procedural aspects in working of the Commission.

Background:

The proposal after its initial consideration in April, 2012 was referred to a Group of Ministers to examine it in details, with particular reference to jurisdiction of sectoral regulators on Competition related issues.

The Group of Ministers considered the issues referred to it by the Cabinet and while endorsing the original proposal also proposed amendment in the Competition Act requiring other regulators to mandatorily refer matters impinging on “Competition” to the Competition Commission of India, and vice-versa to concerned regulators by CCI, on matters relating to those regulators. To this extent the original proposal has been modified.

Source: Press Information Bureau.


The Competition Commission of India (CCI) has passed orders against Chemists & Druggists Association, Goa for contravention of provisions of the Competition Act, 2002. The order was passed on 11-06-2012 and a penalty of Rs.2 lakhs was imposed.

This information was given by Shri R.P.N.Singh, Minister of State in the Ministry of Corporate Affairs in reply to a written question in the Lok Sabha today.

The Commission has also directed Director General (DG), CCI to conduct investigation against five other Chemist & Druggist Associations. DG, CCI has submitted its Report in four cases. However, Karnataka High Court has granted stay in one of these cases.

Source: Press Information Bureau.

 

 

 


A large number of cement manufacturers have been found violating the provisions of the Competition Act, 2002.The Competition Commission of India (CCI) in two cases has found 11 cement manufacturers in contravention of Competition Act.

The Commission in its first order dated 20.06.2012 has imposed a penalty of Rs.6307.32 crores on 11 cement manufacturers. In its second order dated 30.07.2012, the Commission has imposed a penalty of Rs. 397.51 crores on Shree Cement Ltd. This was stated in the Rajya Sabha by Shri R.P.N. Singh, Minister of State in the Ministry of Corporate Affairs in reply to a USQ question today.

The directions of the Commission are to be complied within 90 days of receipt of the order(s).

Source: Press Information Bureau.

 

 

 


The Competition Act, 2002 does not provide exemption to any sector including telecom and banking sectors from its ambit.

This was stated in the Rajya Sabha by Shri R.P.N. Singh, Minister of State in the Ministry of Corporate Affairs in reply to an USQ question today.

Department of Financial Services has approached Ministry of Corporate Affairs for granting exemption to loss making and failing organisations in the insurance sector and the banking sector from the purview of Competition Act, 2002. However, no such specific communication has been received from Department of Telecommunication seeking exemption in Telecom Sector.

MoS also informed Rajya Sabha that in the proposed Draft National Competition Policy, a Cabinet Committee on Competition has been proposed to inter-alia look into conflicts between regulators. The draft policy is at consultations stage at present.

Source: Press Information Bureau.