Page 2 - Competition Commission Of India

Competition Bill may propose levying penalty on firms' global turnover

The suggestion to allow cartels to opt for the settlement scheme is also likely to be introduced in the Bill

CCI meeting this Thursday to clear 20 merger deals pending approval

Decision on these applications had been delayed due to lack of full strength of CCI quorum

Competition Commission to invoke 'doctrine of necessity' for M&A deals

In a significant move, the Competition Commission in the absence of requisite quorum will soon invoke the 'doctrine of necessity' principle to examine merger and acquisition deals, according to sources. Currently, the Competition Commission of India (CCI) has only two members and the post of Chairperson is vacant since Ashok Kumar Gupta retired on October 25, 2022. For examining mergers and acquisitions, also known as combinations in the CCI parlance, the fair trade regulator needs a quorum of three members. Since there is a lack of quorum, many deals are awaiting approvals. Against this backdrop, the sources said that Attorney General R Venkataramani has given a favourable opinion to the corporate affairs ministry with respect to the CCI invoking the 'doctrine of necessity' for examining combinations. Generally, the 'doctrine of necessity' allows carrying out certain activities which are not permitted in the normal course. The corporate affairs ministry is the administrative mini

Govt exploring legal options on pending CCI approval of 16 mergers

Seeks solutions within statutory framework of Competition Act to speed up approvals

Google acts on CCI order: Android users can now pick default search engine

Says will take time to make all the changes that CCI has asked for

Govt extends tenure of Sangeeta Verma as CCI's acting Chairperson

The government has extended the tenure of Sangeeta Verma as the acting Chairperson of the Competition Commission of India (CCI). Verma has been the acting Chairperson of the anti-trust regulator since October last year after Ashok Kumar Gupta demitted office as the full-time Chairperson. According to an official communication issued by the corporate affairs ministry on Tuesday, Verma shall act as the acting Chairperson ""until the date on which new Chairperson is appointed or till any further orders in this regard". She is a member at the regulator.

Indian start-ups rejoice as SC upholds Android ruling against Google

The CCI order states Google can't impose such requirements now

Look at the kind of authority you wield in terms of dominance: SC to Google

Singhvi further argued that in Korea, there is a different user and pressed that Google is there due to excellence and not due to dominance

Android issue of national importance, world looking at us, CCI tells SC

Android is a popular open-source, mobile operating system installed by Original Equipment Manufacturers (OEMs) of smartphones and tablets

Why have different standards for India and Europe: SC to Google

Court asks US technology giant to explain if it will put up the same regime for Android devices in India as it had abroad

'Will practice same regime as in Europe?', SC on Google plea on CCI penalty

The Chief Justice added, "Please reflect on this and come back"

Pending deal approvals: Industry participants flag lack of quorum at CCI

With various mergers and acquisitions awaiting CCI approval, industry participants have sought measures to address the issue of lack of quorum at the competition watchdog which does not have a chairperson for more than two months now. Mergers and acquisitions beyond a certain threshold require the approval of Competition Commission of India (CCI) under the Competition Act, 2022. Section 5 and 6 of the Act relate to regulation of combinations in the country. For approval of combinations, the regulator needs to have a quorum of three members. However, since the retirement of Chairperson Ashok Kumar Gupta on October 25, 2022, there are only two members, resulting in lack of quorum at CCI. Against this backdrop, various industry players have sought measures to address the current situation till a new chairperson is appointed, saying the lack of quorum is causing delays in clearances for combinations that have been notified to the regulator. The concerns have been flagged to the corpora

Google says CCI's orders strike blow at digital adoption in India

In a blog, Google said, it has partnered deeply with India in the last several years of its exciting digital transformation

Google's argument in SC against CCI order contradictory: Indus OS CEO

US tech giant argues regulator's order will stall growth of the Android ecosystem in India

Google set to challenge Android antitrust ruling at Supreme Court

The Competition Commission of India (CCI) in October fined the Alphabet Inc unit $161 million for exploiting its dominant position in the market for Android which powers 97% of smartphones in India

CCI declines interim stay for Google on Android-related antitrust ruling

An Indian tribunal declined Google's request for an interim stay on an antitrust ruling that ordered the tech giant to change its approach to its Android platform

Google alleges CCI copied parts of EU order on Android abuse, says report

CCI in October fined Alphabet Inc's Google $161 million for exploiting its dominant position in markets such as online search and the Android app store

87% app makers don't pay for Apple store, 97% for Google Play: Report

Apple and Google charge up to 30% commission from software developers

Competition Commission starts recovery proceedings against Google: Report

CCI had imposed a penalty of Rs 1,336.7 crore on Google on October 20 for indulging in anti-competitive conduct

Regulating Big Tech

Laws should be framed with extreme care