Legal Pulse

Exclusive: Singhania & Partners LLP will appeal against a majority decision of the Competition Commission of India (CCI) that gave a clean chit to Microsoft, represented by Amarchand Mangaldas, rejecting last year’s complaint by Singhania that alleged anti-competitive practice and abuse of dominant position by the Indian subsidiary of the Redmond-based software giant.

The Competition Commission of India (CCI) has reportedly fixed the penalty to be imposed on the National Stock Exchange (NSE) a month after having found the bourse guilty of abuse of dominant position in a dispute with MCX-SX.

The Competition Commission of India (CCI) has registered a complaint against iPhone and iPad maker Apple for its alleged abuse of dominant position in India.

The notification of the Information Technology Rules 2011 in April 2011 include new privacy and online publishing regulations, which could pose significant roadblocks for business operations with restrictive handling of personal data and information and introduction of stringent guidelines for intermediaries and cyber cafes.

Exclusive: P&A Associates and client MCX-SX won an order from the Competition Commission of India (CCI) finding that the National Stock Exchange (NSE), which was represented by Amarchand Mangaldas and Vaish Associates, had abused its dominant position.

The case will head to the CCI on 2 June to allow NSE to respond on the question of penalty, but the decision significantly reduced the director general’s (DG) earlier definition of the “relevant market” in a partial victory for NSE, according to a CCI draft order that Legally India has seen.

Breaking: The Competition Commission of India (CCI) has ruled on the first ever case to enter its doors, levying nominal fines against prominent film producers in the case brought by Luthra & Luthra on behalf of cinema owners two years ago.

The Competition Commission of India (CCI) would now be open to informal talks with advisers before final merger control filings: an amendment of the policy in its latest draft regulations.

Breaking: The long-awaited latest and probably final draft of the Competition Commission’s merger control rules are finally here, and the CCI appears to have listened to a number of key stakeholder concerns.

The Finance Ministry has reversed its earlier budget proposal that would make service tax payable by professionals such as lawyers when bills are issued rather than when they are paid, after protests and representations from lawyers that this would be unduly onerous.

The third consolidated policy circular on the foreign direct investment (FDI) made effective today has scrapped press note 1 and introduced other directives to further streamline FDI investments in India a year after the Government first announced policy overhauls.

Exclusive: The Authority for Advance Rulings (income tax) has pronounced an order in favour of former Tata-Quippo shareholder DBZ Mauritius, which is contrary to the Bombay High Court’s view in the Vodafone-Essar tax case.

The government is mulling making Corporate Social Responsibility (CSR) voluntary rather than mandatory with the objective of invigorating spirit of “intent” over “legislation” in the new Companies Bill which is awaiting parliamentary approval.

Exclusive: The Bar Council of India (BCI) has requested comments on the new draft code of ethics for advocates, which introduces rules on conflicts of interests, bans conditional fee arrangements (CFAs) and continues to restrict advertising and business interests of lawyers.

The Supreme Court today rejected activist Pinky Virani’s mercy-killing petition for comatose former nurse Aruna Ramachandra Shanbaug with the case not qualifying for “passive euthanasia” which the court accepted “in principle”.

The Competition Commission of India (CCI) was notified with its full merger control powers late last, according to competition lawyers, which would take effect from 1 June.

11:00am The Finance Minister Pranab Mukherjee’s 2011 India Union budget has just started after having been approved by cabinet. This blog will begin in earnest once the budget is over and we can get reactions from lawyers. In the meantime, IBN Live has a nice live blog page with a fast video and text updates. Please post your comments and thoughts on the budget below in the meantime.