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COMPAT rejects National Stock Exchange appeal of CCI’s recordkeeping order

 |  April 1, 2012

The Competition Appellate Tribunal has rejected the National Stock Exchange’s appeal of the Competition Commission of India’s order to maintain separate segment financial records. The order was issued as a result of an investigation prompted by stock exchange MCX-SX’s complaint; the CCI found that NSE had engaged in monopolistic practices. In its appeal, NSE had argued that such recordkeeping would be overly costly, and that the practice was not required under accounting standards. 

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