The Institute of Company Secretaries of India (ICSI) and the Competition Commission of India (CCI) jointly organised a seminar on “Overview of Competition law – Cartelisation and leniency” on November 1 here.
National law University, Odisha VC Prof (Dr) Srikrishna Deva Rao, while inaugurating the seminar as the chief guest, advocated the idea of economic development and inclusive growth strengthened by the ethics of business. He said that ethics and integrity is essential for a healthy competition. He elaborated the business model in shaping the competitive market situation and the behaviour of the consumers determining the concept of competition.
Director (Economics), Competition Commission of India, Union Ministry of Corporate Affairs Dr Bidyadhar Majhi in his address stressed the need to be innovative towards healthy competition. He advocated for qualitative goods and services and for better market competition. He urged the professionals for competition compliance culture. While comparing the living standard of people before the competition era and the present competition era, Dr Majhi said that the open market has really brought in tremendous improvement in the living standards by making available of transport, mobile phone etc at the doorsteps of the consumers. He also spoke about the role and duties of the Competition Commission of India.
Sri Sri University Founder VC Dr KC Mishra in his speech explained the business and marketing strategy adopted by large business houses and the way indirectly burdening the consumers by limiting their choice through cartelisation. He expressed that the Competition Commission of India should look deeply into these aspects to ensure fair competition for betterment of the consumers.
In the technical sessions, CS Mohan Ram Goenka, Practising Company Secretary, Kolkata addressed on the various provisions of the Companies Act, Companies striking off – revival and restoration and disqualification of directors.
ICSI Bhubanswar chapter chairman CS Priyadarshi Nayak, secretary and treasurer CS Rajendra Kumar Kar among others spoke. A large number of professionals, corporate executives, members and students of the ICSI attended.