| Case ID |
466cd6fc-9eac-4601-865e-7458a12be477 |
| Body |
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| Case Number |
File No.2 (287)/IV/(Enq)/(Chief R&I)/MCA/2003 |
| Decision Date |
Nov 03, 2003 |
| Hearing Date |
Aug 25, 2003 |
| Decision |
The Authority concluded that the Undertaking supplied partial information in bulk and failed to provide the requisite information on a daily basis despite clear directions. Consequently, a penalty of Rs.50,000 was imposed on Messrs Maple Leaf Cement Factory Limited under section 19(1)(a) of the Monopolies and Restrictive Trade Practices (Control and Prevention) Ordinance, 1970. The penalty is to be paid within one month from the order's receipt. |
| Summary |
In this case, the Monopoly Control Authority dealt with Messrs Maple Leaf Cement Factory Limited for failing to comply with directives to provide necessary pricing and production information. The Ordinance mandates strict adherence to reporting requirements to prevent monopolistic practices. The Authority's decision to impose a penalty underscores the importance of compliance in trade practices. The case highlights the regulatory framework established by the Monopolies and Restrictive Trade Practices Ordinance, which is crucial to maintaining fair competition in the market. Legal representatives must ensure that their clients adhere to these regulations to avoid penalties. The decision reflects the Authority's commitment to enforcing compliance within the industry, promoting transparency and accountability among businesses. Keywords: Monopoly Control, Trade Practices, Compliance, Regulatory Framework, Market Transparency. |
| Court |
Monopoly Control Authority
|
| Entities Involved |
Messrs Maple Leaf Cement Factory Limited
|
| Judges |
Tariq Farooq,
Muhammad Arshad Parwaiz,
Abdul Ghaffar
|
| Lawyers |
Salman Akram Raja
|
| Petitioners |
Not available
|
| Respondents |
Messrs Maple Leaf Cement Factory Limited
|
| Citations |
2005 SLD 336,
2005 CLD 367
|
| Other Citations |
Not available
|
| Laws Involved |
Monopolies and Restrictive Trade Practices (Control and Prevention) Ordinance, 1970
|
| Sections |
19,
21
|