DRAFTING OF REPLIES TO SHOW-CAUSE NOTICES
A show-cause notice under the Companies Act is issued when the Competition Commission of India (CCI) suspects certain violations of the Competition Act. CCI ensures that no business strategies hamper the competition in the industry. Masterbrains consultants have the expertise to reply to the show-cause notices issued under The Competition Act, 2002.
REPRESENTATION BEFORE AUTHORITIES & CASE PREPARATION/ RESEARCH
Masterbrains has empaneled professionals with a rich experience in Competition Act Litigation. We at Masterbrains know that litigation is a mind-numbing process. So, to make the process simpler we will identify the experts to represent your case before the Competition Commission of India (CCI) or High Court or any other relevant authority. Masterbrains consultants will also prepare/research the case for representation.
AWARENESS ON PROBABLE
VIOLATIONS
Prevention is better than cure. An entity may be Competition Act compliant at present; however, any proposed business model/ transaction may violate it. Such violation may cause lengthy and costly litigations for the business. To prevent such litigations, our experts will analyse the said business model or business transaction for any probable violations entailed. Masterbrains consultants will ensure business compliance under Competition Act for prospective transactions, business decisions, and business models.
FAQs on Competition Act Consultancy
What types of violations fall under the purview of the Competition Act in India?
Anti-competitive Agreements:
Horizontal Agreements: Price fixing, bid rigging, market sharing.
Vertical Agreements: Tie-in arrangements, exclusive supply/distribution, resale price maintenance.
Abuse of Dominant Position:
Unfair or discriminatory pricing, limiting production or supply, creating barriers to entry.
Regulation of Combinations:
Mergers, acquisitions, or amalgamations that significantly reduce competition in the market.
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What is meant by unfair competition?
Unfair competition involves practices like collusive price fixing, output reduction to hike prices, creating entry barriers, market allocation, tie-in sales, predatory pricing, and discriminatory pricing.
What is meant by an anti-competitive agreement?
An anti-competitive agreement adversely affects competition. Examples include agreements to limit production/supply, allocate markets, fix prices, engage in bid rigging, tie-in arrangements, exclusive supply/distribution, and resale price maintenance.
What is abuse of dominant position?
Abuse of dominant position means when a company misuses its strong position in the market. This includes imposing unfair conditions, discriminatory pricing, limiting production, denying market access, or using dominance in one market to gain an advantage in another.
Under what circumstances can the Commission commence inquiries into anti-competitive agreements or abuse of dominance?
The Commission may initiate inquiries: On its own based on information in its possession. On receipt of information. On receipt of a reference from the Central or State Government or a statutory authority.
How can your consultancy services help in raising awareness about Competition Act violations within our organization?
We offer training and awareness programs to educate your team about the Competition Act and its implications, helping prevent inadvertent violations.
What distinguishes Master Brains Consultants in the field of Competition Act Consultancy?
Our team includes seasoned professionals with extensive experience in Competition Law, ensuring you receive expert guidance and representation tailored to your specific needs.
Is Master Brains Consultants available for consultation and assistance nationwide?
Yes, we operate across India and are available to assist businesses in complying with the Competition Act and addressing related legal matters in various locations.
What actions can the Commission take in cases of anti-competitive agreements and abuse of dominant position?
The Commission can issue interim orders, impose penalties, direct discontinuation of anti-competitive practices, modify agreements, and may even direct the division of an enterprise to prevent abuse of dominant position.
Can I file an appeal if aggrieved against the order of CCI?
The Central Government had established the Competition Appellate Tribunal (COMPAT) to hear appeals against the Commission’s decisions which is now merged with NCLAT. A person dissatisfied with Tribunal’s decision can appeal to the Supreme Court of India within 60 days from the date of communication.
Who can be appointed to represent the case before CCI?
Parties before the Commission can be represented by either appearing in person, through their officers, or by authorizing chartered accountants, company secretaries, cost accountants, or legal practitioners to present their case.
Can you provide an overview of the typical process for Competition Act compliance in India?
Businesses need to first assess the Competition Act’s applicability. Once it is established, conducting regular internal audits to assess and ensure adherence to competition laws, employee training, reviewing and updating agreements, implementing robust compliance policies, and staying informed about legal developments are vital steps that can help in compliance with Competition Law.
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DRAFTING OF REPLIES TO SHOWCAUSE NOTICES
A show-cause notice under the Companies Act is issued when the Competition Commission of India (CCI) suspects certain violations of the Competition Act. CCI ensures that no business strategies hamper the competition in the industry. Masterbrains consultants have the expertise to reply to the show-cause notices issued under The Competition Act, 2002.
DRAFTING OF REPLIES TO SHOWCAUSE NOTICES
A show-cause notice under the Companies Act is issued when the Competition Commission of India (CCI) suspects certain violations of the Competition Act. CCI ensures that no business strategies hamper the competition in the industry. Masterbrains consultants have the expertise to reply to the show-cause notices issued under The Competition Act, 2002.
REPRESENTATION BEFORE AUTHORITIES & CASE PREPARATION/RESEARCH
Masterbrains has empaneled professionals with a rich experience in Competition Act Litigation. We at Masterbrains know that litigation is a mind-numbing process. So, to make the process simpler we will identify the experts to represent your case before the Competition Commission of India (CCI) or High Court or any other relevant authority. Masterbrains consultants will also prepare/research the case for representation.
REPRESENTATION BEFORE AUTHORITIES & CASE PREPARATION/RESEARCH
Masterbrains has empaneled professionals with a rich experience in Competition Act Litigation. We at Masterbrains know that litigation is a mind-numbing process. So, to make the process simpler we will identify the experts to represent your case before the Competition Commission of India (CCI) or High Court or any other relevant authority. Masterbrains consultants will also prepare/research the case for representation.
AWARENESS ON PROBABLE VIOLATIONS
Prevention is better than cure. An entity may be Competition Act compliant at present; however, any proposed business model/ transaction may violate it. Such violation may cause lengthy and costly litigations for the business. To prevent such litigations, our experts will analyse the said business model or business transaction for any probable violations entailed. Masterbrains consultants will ensure business compliance under Competition Act for prospective transactions, business decisions, and business models.
AWARENESS ON PROBABLE VIOLATIONS
Prevention is better than cure. An entity may be Competition Act compliant at present; however, any proposed business model/ transaction may violate it. Such violation may cause lengthy and costly litigations for the business. To prevent such litigations, our experts will analyse the said business model or business transaction for any probable violations entailed. Masterbrains consultants will ensure business compliance under Competition Act for prospective transactions, business decisions, and business models.
Land & Building Valuation
we believe in providing you with more than just numbers; we offer strategic insights that elevate your real estate investments. Whether you're looking to buy, sell, or simply understand the true value of your property, our meticulous approach ensures you're armed with the most accurate and up-to-date information. Gain the upper hand in negotiations, secure fair deals, and maximize your returns with our PAN India valuation services. Trust Master Brains to turn real estate into real opportunities
OPERATIONS PLANNING
Ideating a startup is easy but making it operational is the biggest challenge for a startup owner. Masterbrains consultants will help you plan your operations, including marketing plan, sales plan, logistics plan, supply chain management, personnel plan, etc. Our professionals are skilled in detailed operations planning as they have working experience in various industries. Plan and execute your operations efficiently with Masterbrains consultants.
Share Valuation
At Master Brains, we understand that success in the world of investments demands precision and insight. That's why we offer Share Valuations that go beyond mere numbers. Our seasoned experts specialize in providing meticulous assessments of shares and equities, giving you a competitive edge in the financial landscape. Whether you're an investor seeking growth opportunities or a business owner navigating complex transactions, our comprehensive valuations provide the clarity you need to make strategic decisions. Count on Master Brains for accurate, trustworthy, and PAN India Share Valuation services that unlock the full potential of your investments. With us, you're not just investing; you're investing wisely
OPERATIONS PLANNING
Ideating a startup is easy but making it operational is the biggest challenge for a startup owner. Masterbrains consultants will help you plan your operations, including marketing plan, sales plan, logistics plan, supply chain management, personnel plan, etc. Our professionals are skilled in detailed operations planning as they have working experience in various industries. Plan and execute your operations efficiently with Masterbrains consultants.
Business Valuation
At Master Brains, we recognize that every business holds a unique story and value. With our Business Valuation services, we don't just assess numbers; we uncover opportunities. Our team of seasoned experts specializes in providing comprehensive business valuations that empower you to make strategic decisions with confidence. Whether you're a business owner planning an exit strategy, an investor seeking the right opportunity, or a professional navigating mergers and acquisitions, our precise assessments guide your path to success. Trust Master Brains for accurate, trustworthy, and PAN India Business Valuation services that reveal the true worth of your enterprise. With us, you're not just valuing a business; you're unlocking its full potential
OPERATIONS PLANNING
Ideating a startup is easy but making it operational is the biggest challenge for a startup owner. Masterbrains consultants will help you plan your operations, including marketing plan, sales plan, logistics plan, supply chain management, personnel plan, etc. Our professionals are skilled in detailed operations planning as they have working experience in various industries. Plan and execute your operations efficiently with Masterbrains consultants.
Other Assets Valuation
we understand that not all assets fit into standard categories like real estate or financial investments. That's where our expertise comes in. With our team of seasoned professionals, each a specialist in their own domain, we excel in valuing assets that are unique and diverse. Whether it's intellectual property, equipment, inventory, or any other valuable asset, we have the experience and knowledge to provide you with accurate and reliable valuations. Trust Master Brains for a personalized and precise assessment of your assets, tailored to meet your specific needs. Your financial decisions and compliance requirements are in capable hands with us.
OPERATIONS PLANNING
Ideating a startup is easy but making it operational is the biggest challenge for a startup owner. Masterbrains consultants will help you plan your operations, including marketing plan, sales plan, logistics plan, supply chain management, personnel plan, etc. Our professionals are skilled in detailed operations planning as they have working experience in various industries. Plan and execute your operations efficiently with Masterbrains consultants.
Foreign Accounting
Going global? Trust Master Brains for Foreign Accounting services covering the United States, United Kingdom, Singapore, and more. Our team of professionals has a deep understanding of international accounting standards and regulations. We'll help you navigate the complexities of foreign accounting, ensuring your financial reporting meets the specific requirements of each jurisdiction.
OPERATIONS PLANNING
Ideating a startup is easy but making it operational is the biggest challenge for a startup owner. Masterbrains consultants will help you plan your operations, including marketing plan, sales plan, logistics plan, supply chain management, personnel plan, etc. Our professionals are skilled in detailed operations planning as they have working experience in various industries. Plan and execute your operations efficiently with Masterbrains consultants.
Drafting and Preparation of Financial Statement​
Master Brains offers end-to-end support for your financial statement needs. Whether you require assistance with drafting, preparation, or finalization of financial statements, our team has the expertise to deliver accurate and compliant reports. We ensure that your financial statements are professionally crafted, reflecting your financial health accurately and meeting all regulatory standards. Trust us to handle this critical aspect of your business with precision and efficiency.
OPERATIONS PLANNING
Ideating a startup is easy but making it operational is the biggest challenge for a startup owner. Masterbrains consultants will help you plan your operations, including marketing plan, sales plan, logistics plan, supply chain management, personnel plan, etc. Our professionals are skilled in detailed operations planning as they have working experience in various industries. Plan and execute your operations efficiently with Masterbrains consultants.