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<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> </head> <body> <div style="font-family:Verdana, Geneva, sans-serif; font-size:12px; text-align:justify"> <table width="800" border="0" style="border:1px solid #ccc;padding:5px;" align="center" cellpadding="6" cellspacing="0"> <tr> <td align="left" valign="top"> <br /> Competition Commission of India <br /><br /> CCI objects to Kerala Chemists and Druggists Association practices<br /><br /> - (01 Dec 2015)<br /><br /> </td> </tr> <tr> <td align="left" valign="top"><a href="http://www.cci.gov.in/sites/default/files/282014.pdf">In Re P. K. Krishnan and M/s Alkem Laboratories and All Kerala Chmists and Druggists Association </a></td> </tr> <tr> <td align="left" valign="top" style="background-color:#FDEDCE"><strong>The Competition Commission of India found Alkem Laboratories and All Kerala Chemists and Druggists Association guilty of violating provisions under Section 3 of the Competition Act, 2002. The informant, desirous of becoming a medical stockist had his application for appointment rejected by Alkem for failing to obtain a ‘No Objection Certificate’ from the Association. The Commission determined that such a practice of obtaining an NOC from the Association was anti-competitive practice, which adversely affected competition in the market. Alkem, though acting on the “directions and threats: of the Association was chided for not having appeared before the Commission. Its role in facilitating the practice earned it a fine of Rs. 74.63 crores; a cease and desist was issued to the Association.</strong></td> </tr> <tr> <td align="left" valign="top" ><strong></strong></td> </tr> <tr> <td align="left" valign="top" ><strong>Tags : No objection certificate, kerala, alkem, chemists</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <!--<td><strong>Source : <a target="_new" href="http://www.manupatrafast.com/">newsroom.manupatra.com</a></strong></td>--> <td align="left" valign="top"><strong>Source : newsroom.manupatra.com</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <td align="left" valign="top">Regards</td> </tr> <tr> <td align="left" valign="top">Team Manupatra</td> </tr> <tr> <td align="left" valign="top"> </td> </tr> </table> </div> </body> </html>