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 »
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 »
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 »
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 »
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 »
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 »
COMPETITION COMMISSION OF INDIA Consim Info (P.) Ltd. v. Google Inc., USA ASHOK CHAWLA, CHAIRPERSON DR. GEETA GOURI, ANURAG GOEL, M.L. TAYAL, AND S.L. BUNKER, MEMBER CASE NOS. 7 & 30 OF 2012 MARCH 26, 2014 Ravi Sekhar Nair and Sameer Gandhi for the Opposite Party. ORDER UNDER SECTION 43 OF THE COMPETITION ACT, 2002… Read More »
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 »