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TMI BlogCompetition Commission of India imposes penalty on SAAR IT Resources Private Limited and othersX X X X Extracts X X X X X X X X Extracts X X X X ..... Competition Commission of India imposes penalty on SAAR IT Resources Private Limited and others - News and Press Release Dated:- 6-8-2019 - News - Competition Commission of India ( Commission ) after detailed inquiry has found SAAR IT Resources Private Limited, CADD Systems and Services Private Limited and Pentacle Consultants (I) Private Limited to be in contravention of the provis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ions of Section 3(3)(d) read with Section 3(1) of the Competition Act, 2002 ( Act ), for entering into an arrangement to rig the bids of a tender floated by Pune Municipal Corporation in the year 2015 for Selection of agency for carrying out geo-enabled tree census using GIS GPS Technology . Investigation against these companies was initiated vide Commiss ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion s order dated 03.10.2017, under Section 26(1) of the Act , by the Director General on the basis of an information filed under Section 19(1)(a) of the Act by Nagrik Chetna Manch, a public charitable trust. On the basis of the investigation, submissions of the parties and subsequent hearing, the Commission found that there was cogent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... evidence of bid rigging/ collusive bidding by the aforementioned companies, in the tender process for selection of an agency to undertake geo-enabled tree census using GIS GPS technology in contravention of Section 3(3)(d) read with Section 3(1) of the Act . Further, the Commission also found meeting of mind and co-ordination between various individuals which included the dire ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ctors of the above mentioned companies to rig the tender, by way of submitting proxy/ cover bids. Considering contravention of provisions of the Act, the Commission vide order dated 02.08.2019, directed the said companies to cease and desist from indulging in such anti-competitive conducts which have been found to be in contravention of the provisions of the A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ct. Further, the Commission imposed penalty of ₹ 1.26 Crore, ₹ 0.11 Crore, and ₹ 1.33 Crore on SAAR IT Resources Private Limited, CADD Systems and Services Private Limited, and Pentacle Consultants (I) Private Limited, respectively under Section 27(b) of the Act , calculated at the rate of 10 % of the average turnover for last three financial years. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The Commission also imposed penalty on certain directors of the said companies under Section 27 (b) of the Act for their involvement in the anti-competitive conduct as aforementioned. The detailed order can be seen at the Commission s website www.cci.gov.in. - News - Press release - PIB Tax Management India - taxmanageme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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