Order against Medical Equipment Suppliers imposing a penalty of about Rs.3.01 crore.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Order against Medical Equipment Suppliers imposing a penalty of about Rs.3.01 crore. - News and Press Release Dated:- 18-4-2012 - News - Press Information Bureau Government of India Ministry of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Corporate Affairs 18-April-2012 16:49 IST The Competition Commission of India has found three parties namely, M/s PES Installation Private Limited, M/s MDD Medical Systems Private Limited M/s .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Medical Products Services in contravention of provisions of the Competition Act for their collusive acts in supply of medical equipments to Sports Injury Centre (SIC), Safdarjung Hospital, New Delhi. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... The Commission has observed that bid rigging is a measure drain on the exchequer raising the cost of procurement for the Government. Taking into account the anticompetitive acts of these parties, the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Commission imposed penalty@ 5% on the average turnover of 3 years aggregating to about Rs.3.01 crore on them. ****************** RC/JR - News - Press release - PIB Tax Management India - taxm .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... anagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X