Competition Commission of India (CCI) has pulled up Kerala Film Exhibitors Federation (KFEF) and Film Distributors Association (FDA), Kerala, for anti-competitive conduct, the Ministry of Corporate Affairs said in a statement.
The watchdog has imposed a penalty of ₹56,134 upon KFEF and ₹45,189 on FDA.
Kerala Cine Exhibitors Association (KCEA) had approached CCI alleging anti-competitive conduct by KFEF and FDA in not allowing screening of new films in the theatres owned by members of the KCEA.
CCI found that the conduct of KFEF and FDA in agreeing on the number of theatres where the new movies would be released resulted in restricting or limiting the release of new movies, the statement added.
Financial penalties were also imposed on the President and General Secretary of KFEF and FDA as CCI concluded that they were actively involved in the affairs of their respective associations and as such they were responsible for the anti-competitive decision making by their respective associations.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.