SALE TO SUBSIDARY COMPANY
This query is : Resolved
10 June 2011
SUPOSE THERE R TWO MANUFACTURING UNITS NAME "A" & "B" IN DIFFRENT STATES WITH UNDER THE SAME MANAGEMENT "A" IS SELLING THE FINISHED GOODS TO "B". "A" IS SELLING ITS RODUCT IN THE SAME STATE TO ANOTHER CUSTOMER ALSO. BUT "A" IS SELLING THE GOODS TO "B" AT LOWER PRICE THEN THE CUSTOMER. PLZ LET ME KNOW WHTHER THERE ANY PROVISION THAT A MANUFACTURING UNIT WILL NOT BE ABLE TO SELL THE PRODUCT TO ITS SISTER CONCERN AT THE LOWER PRICE THAN TO THE CUSTOMER
SUPOSE THERE R TWO MANUFACTURING UNITS NAME "A" & "B" IN DIFFRENT STATES WITH UNDER THE SAME MANAGEMENT "A" IS SELLING THE FINISHED GOODS TO "B". "A" IS SELLING ITS RODUCT IN THE SAME STATE TO ANOTHER CUSTOMER ALSO. BUT "A" IS SELLING THE GOODS TO "B" AT LOWER PRICE THEN THE CUSTOMER. PLZ LET ME KNOW WHTHER THERE ANY PROVISION THAT A MANUFACTURING UNIT WILL NOT BE ABLE TO SELL THE PRODUCT TO ITS SISTER CONCERN AT THE LOWER PRICE THAN TO THE CUSTOMER
bhupender soni
(Expert)
20 June 2011
Under the restrictive trade practice act no production unit or schedule industries which are listed under the official gazette of India or any organization sale their finish goods to any other group or dealers or special customers below the cost price. Its cover under the restrictive trade practice and anti competition activity because this kind of activity kill fair competition in markets
FOR prevention of this kind of activity CCI (competition commission of india ) is established by india gov .
Under the restrictive trade practice act no production unit or schedule industries which are listed under the official gazette of India or any organization sale their finish goods to any other group or dealers or special customers below the cost price. Its cover under the restrictive trade practice and anti competition activity because this kind of activity kill fair competition in markets
FOR prevention of this kind of activity CCI (competition commission of india ) is established by india gov .
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