Under Section 27 of the Competition Act, 2002, the CCI can impose penalties on enterprises or individuals for participating in anti-competitive agreements or abusing a dominant position. In case an enterprise is required to prepare a consolidated financial statement under the rules, turnover or income shall be derived based on such audited consolidated financial statements, and if the audited financial statements are not available, the turnover should be determined based on the amount certified by the statutory auditor of the firm.
from News-Economic Times https://economictimes.indiatimes.com/news/economy/policy/cci-extends-deadline-for-comments-on-turnover-of-enterprises-norms-till-jan-25/articleshow/106906130.cms
CCI extends deadline for comments on turnover of enterprises norms till Jan 25
Related Posts:
'Can't rest in peace when it comes to cyber'- Discussed India's strides in building next-gen digital infrastructure: PM on meeting Nokia CEO
- Since when did criticism of your policies become criticism of country: Congress to PM Modi
- 'Stranger Things' actor Grace Van Dien turns to streaming. See why
- World Baseball Classic 2023: Know times, locations, where to watch and more
0 Comments:
Post a Comment