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Published on Thu, Sep 25,2014 | 22:48, Updated at Thu, Sep 25 at 22:48Source : Moneycontrol.com
The Office of the Director General, Competition Commission of India ("CCI") last week conducted its first-ever 'dawn-raid' at the premises of M/s JCB India Ltd., an Indian subsidiary of a UK based construction company ("JCB"). According to news reports, the raid was conducted due to JCB's non co-operation in the process of investigation by the Director General ("DG").
Whilst it is the first time that the DG has conducted a dawn raid, it is certainly not the last. Notwithstanding the fact that it is important to co-operate and provide information to the DG to conduct its investigation, it is also important for the companies to be equipped to handle dawn raids at its premises. This ELP Competition Law Alert sets out in brief the things that should be kept in mind at the time of the dawn raid.
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