Coca-Cola investigation another pointer to harmful practices by large food manufacturers — EUbusiness com eubusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eubusiness.com Daily Mail and Mail on Sunday newspapers.
May 19, 2021
P Elango, 2 others charged ₹15 lakh each; firm lured investors with ‘misleading announcement’
Cairn India, the leading oil and gas player that was merged with Vedanta Ltd, has been found guilty of stock market fraud by market regulator SEBI.
The Securities and Exchange Board of India’s investigations found that Cairn misled public shareholders with its share buyback announcement in 2014 that was actually designed to induce the public to trade in the shares of Cairn. SEBI has imposed a fine of ₹5.25 crore on Cairn.
Further, SEBI says that P Elango, the then CEO and Director of Cairn, along with other company directors Aman Mehta and Neerja Sharma facilitated the company in making the said misleading announcement. All the directors have been fined ₹15 lakh each.
New food regulator must have real teeth says IFA
Reporter: );
);
IFA President Tim Cullinan has said the new Food Ombudsman/Regulator must have real teeth and be able to hold processors and retailers to account.
“I acknowledge the move by the Minister to transpose the Unfair Trading Practices Directive into national law, and to have a public consultation process on a wider remit of the Food Regulator/Ombudsman.”
“However, we cannot have any foot dragging in getting an office set up. It must have full powers of investigation, the ability to make findings and the authority to impose sanctions,” he said.
Minister for Agriculture Charlie McConalogue. \ Philip Doyle
The statutory instrument which sets out the regulations to give effect in Irish law to the EU Directive on unfair trading practices (UTPs) in the agricultural and food supply chain has been signed by Minister for Agriculture Charlie McConalogue.
The regulations will be known as the 2021 European Union (Unfair Trading Practices in the Agricultural and Food Supply Chain) Regulations 2021 and will come into effect from 1 July 2021.
There are 16 UTPs included in the regulations, 10 of which are prohibited in all circumstances and six which are prohibited unless the parties agree clearly and in an unambiguous manner beforehand.
April 28, 2021 1:48 pm
Minister for Agriculture, Food and the Marine Charlie McConalogue today (Wednesday, April 28) signed a Statutory Instrument which gives effect in Irish law to the EU Directive on Unfair Trading Practices.
The Unfair Trading Practices (UTP) Directive pertains to business-to-business relationships in the agriculture sector and food supply chain.
The regulations will come into effect in Ireland from July 1, this year.
It applies to agreements for the supply of agricultural and food products. This includes certain non-food products.
There are 16 UTPs included in the regulations, 10 of which are prohibited in all circumstances, and six UTPs which are prohibited unless the parties agree clearly and in an unambiguous manner beforehand.