Competition Commission of India (CCI) issues order against All India Chess Federation (AICF) for abuse of dominant position and imposition of unreasonable vertical restraints on chess players and organisation of chess events; Imposes penalty of 6.92 lakhs on AICF for the Anti-Competitive conduct

Competition Commission of India (CCI) issues order against All India Chess Federation (AICF) for abuse of dominant position and imposition of unreasonable vertical restraints on chess players and organisation of chess events; Imposes penalty of 6.92 lakhs on AICF for the Anti-Competitive conduct https://www.taxtmi.com/news?id=20257 The Commission found the federation abused a dominant position by restricting player participation in unauthorised events, thereby denying market access and imposing unreasonable vertical restraints in contravention of Sections 4(1), 4(2)(b)(i) and 4(2)(c), and amounting to exclusive distribution and refusal to deal under Sections 3(4)(c) and 3(4)(d). The federation was directed to cease such conducts, adopt fair and transparent authorisation parameters for tournaments, ensure proportional disciplinary processes with demonstrated prejudice, review similar cases, and report compliance within sixty days, with a penalty imposed for the conduct. en-us Fri, 13 Jul 2018 09:34:32 +0530 Fri, 13 Jul 2018 09:34:32 +0530 TaxTMI RSS Generator Competition Commission of India (CCI) issues order against All India Chess Federation (AICF) for abuse of dominant position and imposition of unreasonable vertical restraints on chess players and organisation of chess events; Imposes penalty of 6.92 lakhs on AICF for the Anti-Competitive conduct https://www.taxtmi.com/news?id=20257 The Commission found the federation abused a dominant position by restricting player participation in unauthorised events, thereby denying market access and imposing unreasonable vertical restraints in contravention of Sections 4(1), 4(2)(b)(i) and 4(2)(c), and amounting to exclusive distribution and refusal to deal under Sections 3(4)(c) and 3(4)(d). The federation was directed to cease such conducts, adopt fair and transparent authorisation parameters for tournaments, ensure proportional disciplinary processes with demonstrated prejudice, review similar cases, and report compliance within sixty days, with a penalty imposed for the conduct. News - Fri, 13 Jul 2018 09:34:32 +0530 https://www.taxtmi.com/news?id=20257