Fair trade watchdog CCI is mulling having a monitoring mechanism in place to ensure that entities are complying with directions passed by it in various cases.
In recent times, the Competition Commission of India (CCI) has been cracking down on entities across sectors for indulging in unfair trade practices, including cartelisation and abuse of dominant market position.
The watchdog has also slapped substantial penalties on many entities, which were found violating competition norms.
According to a source, the regulator plans to have a monitoring mechanism in place mainly to ensure that directions issued by it are complied by the concerned entities.
Having such a mechanism would help in identifying entities, which repeatedly violate competition rules, the source added.
There have been instances where some entities have been found to be not following the orders of the Commission.
The Commission, which has the mandate to keep a tab on unfair trade practices, has powers to initiate various initiatives, including penalty provisions, to curb such activities.
The regulator has passed many orders against chemists and druggists associations and realty firms, among others, for violating competition rules.
Recently, the Commission had slapped Rs 2.4 crore penalty on realty major DLF for not complying with its directions to cease and desist from unfair trade practices.
