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ARTICLE · 19 AUGUST 2011

India Competition Report

Mayer Brown
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In July 2011 the Competition Commission of India ("CCI") published its first decision giving its clearance to a notified transaction.

IndiaAntitrust/Competition Law
Kiran Desai
Kiran Desai
Paul de Bernier
Paul de Bernier
David Carpenter
David Carpenter
Manu Mohan
Manu Mohan
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Originally published on August 18, 2011

Keywords: India, Competition, competition commission, CCI, National Stock Exchange, NSE

Introduction

In July 2011 the Competition Commission of India ("CCI") published its first decision giving its clearance to a notified transaction. The merger control provisions in the Competition Act, 2002 (as amended) ("Competition Act") had come into force on 1 June 2011 (See Legal update).

The CCI has also in June 2011, found the National Stock Exchange ("NSE"), India's leading stock exchange guilty of abusing its dominant position. This is the first finding of abuse of a dominant position under the Competition Act since the CCI announced in May 2009 that the provisions relating to anti-competitive agreements and prohibition of abuse of dominance have come into force (See Legal update).

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