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Competition regulator issues cease-and-desist against Trustees’ Association of India
India's competition regulator issued a cease and desist order against four trustee firms. These entities were found to have engaged in cartelization and coordinated fee fixing. The Trustees' Association of India enforced a benchmark pricing structure for debenture trustees. This action restricted market supply and eliminated competitive choices for issuers. The regulator warned of aggravated consequences for any future recurrence of such conduct.
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economictimes.indiatimes.com
Competition regulator issues cease-and-desist against Trustees’ Association of India
India's competition regulator issued a cease and desist order against four trustee firms. These entities were found to have engaged in cartelization and coordinated fee fixing. …
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thehindubusinessline.com
CCI finds benchmark price fixing in debenture trusteeship services
CCI found benchmark price fixing in debenture trusteeship services and directed the Trustees' Association of India, Axis Trustee Services and others to cease conduct.