In a major success, the IEPF (Investor Education and Protection Fund Authority) has been able to enforce The Peerless General Finance and Investment Company Limited to transfer deposits worth about Rs 1514 Cr to IEPF. This depositor’s money was pending with the company for the last 15 years. The matter came to the notice of the […]
Tag: penalty
CCI imposes penalty on Ghaziabad Development Authority
The Competition Commission of India (CCI) has found Ghaziabad Development Authority also known as GDA to be in contravention of the provisions of Section 4(1) read with Section 4(2)(a)(i) of the Competition Act, 2002 for abuse of its dominant position by imposing unfair condition on the allottees from economically weaker sections in its Pratap Vihar Residential […]
Hyundai Motor India Limited slapped with a penalty of 87 crore
The Competition Commission of India (CCI) found the Hyundai Motor India Limited to be in contravention to some its provisions which resulted into Resale Price Maintenance in sale of passenger cars manufactured by it. Such arrangements also included monitoring of the maximum permissible discount levels through a Discount Control Mechanism. Further, the commission found the […]