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.
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.
The India Competition Report contains a legal update of the important decisions and developments over the last 3 months related to the implementation of the Competition Act, read the full report.
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