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CCI fines Amazon Rs 202 crore suspends approval for deal with Future Coupons

As regards failure to notify combination in terms of the obligation cast under Section 6(2) of the Act, Section 43A of the Act enables the Commission to impose a penalty, which may extend to 1 per cent of the total turnover or the assets, whichever is higher, of such a combination.
Praveen Khandelwal Piyush Goyal Confederation Of All India Traders Amazon Group Union Conmerce Competition Commission Of India
Source: india.com

[BREAKING] CCI suspends clearance for Amazon-Future deal, imposes ₹200 plus 2 crore penalty on Amazon

The Competition Commission of India (CCI) on Friday imposed a total penalty of โ‚น202 crore on Amazon.com NV Investment Holdings LLC (Amazon) for its failure to notify CCI about its deal with Future.
Amazon To Future Group Retail Limited Coupons Resources Private Limited Amazon Group Retail Limited Shareholders Agreement Future Retail Limited Shareholders Agreement

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CCI fines Amazon Rs 202 cr, suspends approval for deal with Future Coupons

The Competition Commission of India (CCI) has imposed a penalty of Rs 202 crore on Amazon and suspended its approval for the e-tailers deal with Future Coupons seeking more information.In an order on Friday, the CCI said Amazon ought to have ...
New Delhi Praveen Khandelwal Piyush Goyal Confederation Of All India Traders Amazon Group Competition Commission Of India

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