India gets tough on intercompany loans
Apr 14, 2014
Time for corporates to check competition compliance in India
The Indian competition regulator is handing out millions in fines for anti-competitive practices; CT spoke to the countries’ compliance experts about how to avoid them.
On December 10 state-owned mining company Coal India was fined $290 million, or 3% of its total revenue from 2009 through 2012. Regulators said it was abusing its dominant position and imposing unfair conditions in fuel supply agreements with customers.
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