Category Archives: Competition Act 2002

Govt exempts Vessels Sharing Agreements from Competition Act

SECTION 54 OF THE COMPETITION ACT, 2002 NOTIFICATION NO.SO 646(E) [F.NO.5/20/2011-CS], DATED 2-3-2016 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 Vessels Sharing Agreements of Liner Shipping Industry from the provisions of section 3… Read More »

Govt exempts Group exercising less than 50% voiting rights for 5 years from Combinations

NOTIFICATION NO. SO 673(E) [F.NO.5/33/2007-CS (PART)], DATED 4-3-2016 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 ‘Group’ exercising less than fifty per cent. of voting rights in other enterprise from the provisions of section… Read More »

Govt exempt enterprises having Asset Value upto Rs 350 Crore from provisions of Combination

NOTIFICATION NO. SO 674(E) [F.NO.5/33/2007-CS (PART)], DATED 4-3-2016 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 an enterprise, whose control, shares, voting rights or assets are being acquired has either assets of the value of… Read More »

Cases Reported to Competition Commission of India in last 3 years

Assessment and Functioning of CCI   Competition Commission of India (CCI) is a Statutory Body established under the Competition Act, 2002 to prevent practices having adverse effect on competition, to promote and sustain competition in markets while protecting the interests of the consumers.  The Commission prepares and forwards to the Central Government an annual report… Read More »

Competition Commission of India may impose penalties

Institutional Guidelines Adopted by CCI As mandated under the Competition Act, 2002, the Competition Commission of India may impose penalties, and/or issue cease & desist order in appropriate cases. However, while imposing penalties under section 27 of the Act, the Commission takes into account the aggravating and mitigating factors before arriving at the fair and… Read More »

Specified Income of Competition Commission Exempted

NOTIFICATION NO. SO 530(E) [NO.8/2016 (F.NO.196/32/2014-ITA-I)], DATED 19-2-2016 In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purpose of the said clause, the Competition Commission of India, a Commission established under sub-section (1) of section 7 of… Read More »

Delaying delivery of flat and non disclosure of stage of completion to buyer was unfair trade practice

Summary of Facts Complainant buyer had applied for allotment of a flat with respondent builder .Complainant had paid six instalments but builder did not complete construction of flat within three years as stipulated in brochure and did not inform buyer about progress of construction . Later, builder cancelled allotment on ground of alleged failure of… Read More »