Tax Management India. Com
                            Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals SMS News Articles Highlights
        Home        
 
Extracts
Home List
← Previous Next →

Competition Commission of India imposes Penalty on Chemists and Druggists Association of Baroda and Federation of Gujarat Chemists and Druggists Association

News and Press Release - Dated:- 5-1-2018 - The Competition Commission of India ( Commission ) has found the Chemists and Druggists Association of Baroda ( CDAB ) and Federation of Gujarat State Chemists and Druggists Association ( Gujarat Federation .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

continued to limit and control the supply of drugs and medicines in the market by mandating No Objection Certificate ( NOC / LOC ) prior to appointment of stockists and payment of Product Information Service ( PIS ) charges prior to introduction of n .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

uiry, the Commission has found that CDAB and the Gujarat Federation were indulging in the anti-competitive practice of insisting NOC prior to the appointment of new stockists by pharmaceutical companies. Further, the Gujarat Federation was found to b .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

Section 3 (3) (b) read with Section 3 (1) of the Act. Further, the Commission has held office bearers of CDAB and Gujarat Federation, namely Shri V.T. Shah (President, CDAB), Shri Jashvant Patel (President, Gujarat Federation), to be responsible und .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

er, the Commission imposed a monetary penalty of ₹ 1,08,588/- and ₹ 11,11,549/-, calculated at the rate of 10% of the average income of CDAB and the Gujarat Federation, respectively, under the provisions of Section 27 of the Act. Penaltie .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ample of how competitive markets and fair-play in the distribution of drugs/medicines are being compromised by the persisting anti-competitive behaviour of the chemist and druggist associations at the Regional as well as State level. It is indeed a s .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.