https://www.taxtmi.com/news?id=16452 Mandating a No Objection Certificate (NOC) requirement for appointment of new stockists was held to restrict and control drug supply and qualify as an anti-competitive agreement. Associations issuing NOC demands-verbally or by benignly worded letters-cannot evade legal consequences. Companies that cooperate with such NOC conditions without contest are complicit; responsible office-bearers and officials who enabled or participated were attributed liability. The regulator directed cessation of the NOC practice and imposed monetary penalties on the association, the implicated company and specified individuals, taking mitigation into account for brief refusals to supply. en-us Tue, 02 Aug 2016 10:36:06 +0530 Tue, 02 Aug 2016 10:36:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16452 Mandating a No Objection Certificate (NOC) requirement for appointment of new stockists was held to restrict and control drug supply and qualify as an anti-competitive agreement. Associations issuing NOC demands-verbally or by benignly worded letters-cannot evade legal consequences. Companies that cooperate with such NOC conditions without contest are complicit; responsible office-bearers and officials who enabled or participated were attributed liability. The regulator directed cessation of the NOC practice and imposed monetary penalties on the association, the implicated company and specified individuals, taking mitigation into account for brief refusals to supply. News - Tue, 02 Aug 2016 10:36:06 +0530 https://www.taxtmi.com/news?id=16452