Competition Act

Competition Act News

CCI slaps Rs 671-cr penalty on four PSU insurance firms

Non-life insurers termed the order as “surprising” adding that legal remedy would be sought.

‘Incentivise India Inc for competition compliance’

Incentivise companies that put in place systems and processes to ensure compliance with the norms spelled out in the Competition Act,2002,and consider it as a factor before deciding the quantum of penalty,India Inc has told the parliamentary panel examining the amendments to competition laws.

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CCI rejects SUV buyer's appeal against Force Motor

CCI rejected an appeal filed by a sports utility vehicle buyer against carmaker Force Motor and said that the complaint about the SUV's performance being non-satisfactory did not fall "within the four corners" of the Competition Act.

Cabinet OK for Competition Act changes

The government today expanded the ambit of Competition Commission of India.

Cartelisation in tyre industry: CCI

Tyre manufacturers may have been overcharging and therefore,harming consumers' interest.

‘No blanket exemption from CCI oversight’

Banking Laws (Amendment) Bill,2011,may allow CCI to have say in bank M&As

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CCI slaps R397 cr fine on Shree Cement

The Competition Commission of India (CCI) has imposed a penalty of Rs 397.51 crore on Shree Cement for indulging in restrictive trade practices

Fast Way Group fined Rs 8 cr for flouting norms

Competition regulating watchdog Competition Commission of India has imposed a whopping penalty of Rs 8 crore on the Fast Way cable group for violating the provisions of the Competition Act,2002

Sunset clause for sectoral watchdogs in M&A regulation: Competition Policy

Exemptions given to any enterprise,sector or transaction from the ambit of the Competition Act will have a “pre-determined tenure”

Competition Act to be revamped

The government is working on making the Competition Act,2002,a “self-contained Act”.

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