CCI Imposes Penalties On Seven Cement Companies For Bid-Rigging [Read Order]

Competition Commission of India on Thursday has imposed penalties on seven cement companies for bid rigging of a tender floated by the Director, Supplies & Disposals, Haryana, in the year 2012, for procurement of cement to be supplied to Government Departments/ Boards/ Corporations in the State of Haryana.A penalty of  Rs. 18.44 crore, Rs. 68.30 crore, Rs. 38.02 crore, Rs. 9.26 crore,...

Competition Commission Of India (CCI) Has 81.7 % Disposal

Minister of State in the Ministry of Corporate Affairs Today in written reply to a question in Lok Sabha stated that Competition Commission of India (CCI) had received a total of 707 cases till 31st March, 2016. Out of these, 576 cases have been disposed of, which works out to 81.47% disposal."The Commission is not proposing to devise any mechanism to halt probe and proceedings in case a...

Simultaneous proceedings against Company and persons in charge of it, permissible under Competition Act: CCI [Read Order]

The Competition Commission of India(CCI), in Ministry of Agriculture and Farmers Welfare vs. M/s Mahyco Monsanto Biotech, has held that it is permissible for the Commission to issue directions to the Director General to look into the role of the persons in-charge of and responsible for the conduct of business of the companies, before returning the finding of contravention against the...

Delhi HC refuses to stay CCI inquiry into abuse of dominant position by Ericsson [Read Judgment]

The High Court of Delhi on Wednesday refused to interfere with the Competition Commission of India’s investigation into Ericsson’s alleged anti-competition practices, pertaining to enforcement of its standard essential patents (SEPs) against several Indian Smartphone manufacturers.Ericsson holds several patents in India in respect of technologies relating to infrastructure...

Director (Law) Vacancy at the Competition Commission of India

The Competition Commission of India has invited applications from the eligible candidates for the post ofDirector (Law).No of Post: 01Age Limit: Between 40 and 45 years.Pay Scale: Rs. 37400-67000 (PB 4) + Grade Pay Rs.8900Essential   QualificationsPh.D. in Competition Law or equivalent from a recognized University; and eight (8) years experience in the relevant field. ORMaster’s Degree in Law or equivalent from a recognized University and ten (10) years experience in the relevant filed....

Adviser (Law) Vacancy at the Competition Commission of India

The Competition Commission of India has invited applications from the eligible candidates for the post of Adviser (Law).No of Post: 01Age Limit: Between 45 and 50 yearsPay Scale: Professional Rs.37400-67000 + Grade Pay Rs.10000Essential   QualificationsPh.D. Degree in Competition Law or equivalent and thirteen (13) years experience in the relevant field. ORMaster’s Degree in Law or equivalent and fifteen (15) years experience in the relevant field. ORBachelor of Law or equivalent, and seventeen...

Civil Society demands CCI not to participate in ASSOCHAM IP Conference

A group of civil society organisations wrote to Mr. Ashok Chawla, the chairperson of the Competition Commission of India (CCI) not to participate in the 3rd International Conference on Intellectual Property Law and competition Law organised by Associated Chambers of Commerce and Industry (ASSOCHAM).The conference is scheduled to take place on 7th July at Hotel Imperial, New Delhi.  The...

Job Openings at Competition Commission of India

Competition Commission of India has invited applications from eligible candidates for engagement of Experts/Professionals to assist the Commission in the discharge of its functions under the Competition Act.No of Posts: 02Essential QualificationDegree of LL.B or equivalent from a recognized University and/or Institute in India or abroad, recognized by the Bar Council of India.Qualified to be registered as an advocate in any State Bar Council in India in terms of Advocate's Act, 1961.Desirable:...

The question of CCI’s jurisdiction to “modify” apartment buyers agreements - A Review of COMPAT’s DLF order

In a heavy setback to the real estate giant, DLF Ltd., the Competition Appellate Tribunal [‘COMPAT’], on May 19, 2014 upheld the 2011 order of the Competition Commission of India [‘CCI’]  holding the company guilty of abusing its dominant market position with regard to a residential society in Gurgaon. In August 2011, the CCI had, pursuant to the information filed by the Belaire Owner’s Association, found that DLF had misused its position of power in dictating the terms of the Apartment Buyers...

Delhi HC restrains CCI from passing final orders in enquiry against JCB

Questioning the jurisdiction of Competition Commission of India (CCI) to order an inquiry into the allegation that British construction equipment maker JCB was abusing its dominant position to deny market access to a competing Indian firm, Justice Manmohan of Delhi High Court has asked fair trade watchdog CCI not to pass any final order against J C Bamford Excavators Ltd (JCB) till the...

Valuation of Shares and the Importance of Disclosures in the Indian Securities Market

One question that boggles the mind of all players in every stock market is “What should be the true value of the shares?” To a market regulator, this question is of much more importance. It is the regulator’s duty to take all appropriate measures to ensure that the shares should be priced so as to reflect the fundamentals of the company. Otherwise, it may result in astronomical losses to all the players of the market, from individual investors to big corporate giants.Before the liberalization of...

Probe started by CCI in identical airfare pricing

All domestic airlines have been sent a letter by the antitrust watchdog Competition Commission of India (CCI), after it found that airlines were selling seats at almost equal prices that offered little choice to travelers. CCI, which doubted that airlines were acting like a cartel, has sought details on the way they estimated their fares. CCI secretary Smita Jhingran has written a letter...