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[By Sakshi Tiwari & Liesha Mishra] The authors are students of Dr. Ram Manohar Lohiya National Law University, Lucknow. Introduction The Competition Commission of India has initiated an investigation into Google over alleged anti-competitive practices in India’s burgeoning gaming sector stemming from complaints over its monopolistic behaviour. The investigation stems from the complaint filed by the real money gaming app WinZO, which alleges that Google is abusing…
[By Runit Rathore & Amal Shukla] The authors are students of Hidayatullah National Law University, Raipur. INTRODUCTION “Rule 86A of the Central Goods and Services Tax Rules (CGST Rules), 2017 is not a machinery provision for recovery of tax or dues under the Central Goods and Services Tax Act” (CGST Act). Rule 86A of the CGST Rules grants the Commissioner or any other officer authorized by him,…
[By Anushka Ajay] The author is a student of National Law Institute University, Bhopal. INTRODUCTION Competition law has increasingly addressed healthy competition in sports, where various organizations train athletes and regulate sports. The recent Competition Commission of India (hereinafter ‘CCI’) order in In Re: TT Friendly Super League Association v. Table Tennis Federation of India (TTFI) reflects a growing trend of sports federations engaging in monopolistic and…
[By Bhuwan Sarine] The author is a student of National Law School of India University, Bengaluru. Introduction On 30 April 2024, the Securities and Exchange Board of India (“SEBI”) held the Independent Directors (“IDs”) of Manpasand Beverages Ltd. (“MBL”) liable for not performing their duties diligently. To provide a brief background, independent directors of a company are directors other than the managing or whole-time directors. They are…
[By Aditya Kashyap & Arnika Dwivedi] The authors are students of Symbiosis Law School, Pune. Introduction Recently, there has been a pivotal shift toward anti-competitive behavior globally, specifically concerning large technology firms. On November 20, 2024 U.S. Department of Justice (DOJ) proposed various recommendations to address the perceived monopolistic behavior by recommending the overhaul of Google’s structure and business practices including divesting Chrome in a bid to…
[By Aastha Singh & Kumari Bhargavi] The authors are students of Symbiosis Law School, Pune. INTRODUCTION Independent economic or sectoral regulators such as the Telecom Regulatory Authority of India (TRAI), the Securities and Exchange Board of India (SEBI), and the Reserve Bank of India (RBI) were established to oversee specific critical industries in India after economic reforms ushered in a more competitive market structure and a critical…
[By Owais S. Khan] The author is a student of Government Law College, Mumbai. Introduction: On 11 October, 2024 the Securities & Exchange Board of India (SEBI) in the matter of Royal Orchid Hotels Ltd. (ROHL), imposed a monetary penalty upon ROHL, its Directors/ Promoters and the Chief Financial Officer (CFO) of the Ksheer Sagar Developers Pvt. Ltd. (KSDPL) under Section 11 of the SEBI Act, 1992 for…
[By Gauravi Talwar] The author is a student of Gujarat National Law University. INTRODUCTION The Securities and Exchange Board of India (SEBI), in its Consultation Paper dated July 29, 2024, has initiated a pivotal reform in its regulatory approach to insider trading. This proposed amendment to the SEBI (Prohibition of Insider Trading) Regulations, 2015, signals a decisive effort to strengthen the regulatory landscape in response to the…