The Competition Superintendence (CS) disagrees with the way the Administrative Contentious Tribunal (ACT) of the Supreme Court of Justice (SCJ) admitted the suit filed by MOLSA.
"Predominantly qualified institutional buyers have subscribed to the offer and interest from retail and HNIs are expected towards the end of the book building process, who are still waiting in the sidelines," SMC Capitals Equity Head Jagannadham Thunuguntla said.
The Competition Superintendence (CS) disagrees with the Constitutional Tribunal of the Supreme Court of Justice (SCJ) for admitting the constitutional guarantees suits filed by CTE and PERSONAL.
"Predominantly qualified institutional buyers have subscribed to the offer and interest from retail and HNIs are expected towards the end of the book building process, who are still waiting in the sidelines," SMC Capitals Equity Head Jagannadham Thunuguntla said.
The Competition Superintendence (CS) disagrees with the Constitutional Tribunal of the Supreme Court of Justice (SCJ) for admitting the constitutional guarantees suits filed by CTE and PERSONAL.
The Board of Directors (BD) of the Competition Superintendence (CS) submitted to the Supreme Court of Justice (SCJ) the final arguments that confirm the legality of the fine imposed to QUIMEX.
The Competition Superintendence (CS) filed a lawsuit before the Constitutional Tribunal of the Supreme Court of Justice (SCJ) for the violation of the constitutional right to legal security committed by the Administrative Contentious Tribunal (ACT). Said Tribunal declared illegal the CS´ decision not due to the competition authority´s own actions, but because the ACT deemed illegal the judicial search warrant issued by the during the administrative sanctioning procedure.
The Competition Superintendent integrated the file and concluded the investigation against PERSONAL, TELEFONICA, TELEMOVIL, and DIGICEL and ordered the file to be sent to the Board of Directors (BD) of the Competition Superintendence (CS) in order to issue a final decision.
The Administrative Contentious (ACT) and the Constitutional Tribunals (CT) of the Supreme Court of Justice (SCJ) notified the Competition Superintendence (CS) the first sentences in favor of said institution.
The Board of Directors (BD) of the Competition Superintendence (CS) sanctioned an economic agent for delayed collaboration during the elaboration of a study on the competition conditions in the cheese industry by the CS. The fine imposed totaled US$1,167.83.
The Board of Directors (BD) of the Competition Superintendence (CS) sanctioned the
company PROLAICA S.A. de C.V. for failing to supply cooperation required in the study
on the competition conditions of the cheese industry currently carried out by the CS
The Board of Directors (BD) of the Competition Superintendence (CS) submitted to the Supreme Court of Justice (SCJ) the final arguments that confirm the legality of the fine imposed to QUIMEX.
The Competition Superintendence (CS) filed a lawsuit before the Constitutional Tribunal of the Supreme Court of Justice (SCJ) for the violation of the constitutional right to legal security committed by the Administrative Contentious Tribunal (ACT). Said Tribunal declared illegal the CS´ decision not due to the competition authority´s own actions, but because the ACT deemed illegal the judicial search warrant issued by the during the administrative sanctioning procedure.
The Competition Superintendent integrated the file and concluded the investigation against PERSONAL, TELEFONICA, TELEMOVIL, and DIGICEL and ordered the file to be sent to the Board of Directors (BD) of the Competition Superintendence (CS) in order to issue a final decision.
The Administrative Contentious (ACT) and the Constitutional Tribunals (CT) of the Supreme Court of Justice (SCJ) notified the Competition Superintendence (CS) the first sentences in favor of said institution.
The Board of Directors (BD) of the Competition Superintendence (CS) sanctioned an economic agent for delayed collaboration during the elaboration of a study on the competition conditions in the cheese industry by the CS. The fine imposed totaled US$1,167.83.
The Board of Directors (BD) of the Competition Superintendence (CS) sanctioned the
company PROLAICA S.A. de C.V. for failing to supply cooperation required in the study
on the competition conditions of the cheese industry currently carried out by the CS
El Presidente de la República, Profesor Salvador Sánchez Cerén, juramentó esta mañana a miembros del Consejo Directivo de la Superintendencia de Competencia, quienes han sido reelegidos para un nuevo período de cinco años.
Recomendaciones de política pública del estudio de condiciones de competencia en los servicios de telecomunicaciones en El Salvador: telefonía, internet y televisión por suscripción.
Resolución de aprobación del informe del estudio de las condiciones de competencia de televisión abierta en El Salvador y recomendaciones de política pública
A las puertas de celebrar sus 10 años, la Superintendencia de Competencia inicia este 2016 fomentando y garantizando la sana competencia en el sector de las telecomunicaciones. Retoma la investigación por actuaciones previas sobre la aplicación de la Contribución para Seguridad Ciudadana (CESC) por parte de las telefónicas, así como la remisión de recomendaciones de política pública derivadas del “Estudio de condiciones de competencia en la televisión abierta”, que promueven mejoras en las condiciones competitivas de este sector y ofrece aportes importantes para impulsar la competencia frente a la transición de televisión analógica a digital. Estas recomendaciones serán remitidas a la Asamblea Legislativa y a la Superintendencia General de Electricidad y Telecomunicaciones (SIGET).
Resolución de aprobación del informe y emisión de recomendaciones de políticas públicas en relación al estudio de las condiciones de competencia del sector marítimo portuario.
El Consejo Directivo de la Superintendencia de Competencia ratificó el miércoles 9 de diciembre su resolución sancionatoria contra cinco operadores de telefonía por abuso de posición dominante.
Resolución del recurso de revisión Denuncia de supuestas práctica anticompetitiva relacionada con la prestación de servicios comerciales de telecomunicaciones
El “Curso de principios generales del Derecho de Competencia”, impartido por la Universidad Centroamericana “José Simeón Cañas” (UCA) y la Superintendencia de Competencia, culminó la tarde de ayer con la graduación de 38 profesionales.
La Superintendencia de Competencia presentó este día el “Estudio sobre las condiciones de competencia de la distribución minorista de productos de consumo periódico”, elaborado por el consultor chileno Eugenio Andrés Rivera Urrutia a solicitud de la autoridad de competencia, así como las recomendaciones de políticas públicas emitidas para optimizar la competencia en el sector.
La Superintendencia de Competencia inició de oficio, este día, actuaciones previas con el propósito de buscar indicios de posibles violaciones a la Ley de Competencia relacionadas con la coyuntura actual de la aplicación de la Contribución Especial para la Seguridad y
Convivencia (CESC).
La Superintendencia de Competencia se encuentra desarrollando una semana de consultas sobre reformas a la Ley de Competencia: lunes 16 de noviembre: instituciones del Estado; martes 17: gremiales empresariales; y jueves 19: academia y generadores de opinión.
La Superintendencia de Competencia y la Unidad Normativa de Adquisiciones y Contrataciones de la Administración Pública (UNAC) del Ministerio de Hacienda desarrollaron la jornada denominada “Competencia y compras púbicas” dirigida a funcionarios de Unidades de Adquisición y Compras Institucionales (UACI) de diversas entidades gubernamentales. La jornada contó con las
disertaciones del representante de la Comisión Federal de Comercio de los Estados Unidos (FTC, por
sus siglas en inglés), Armando Irizarry, y de la representante de la Comisión Federal de Competencia
Económica de México (COFECE), Bertha Leticia Vega.
La Superintendencia de Competencia lanzó hoy la segunda fase de su aplicación digital “AppSC”, que presenta los estudios sobre condiciones de competencia y las recomendaciones que ha realizado la institución a partir de su creación (2006) a fin de promover la libre competencia.
Los cinco operadores de telefonía sancionados por abusar de su posición dominante presentaron recurso de revisión ante el Consejo Directivo de la Superintendencia de Competencia el pasado 4 de noviembre. Las telefónicas se manifestaron en contra de la decisión tomada y solicitan que se modifique o deje sin efecto todo lo resuelto.
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Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Memorandum Of Association Constitution of Company.ppt
CS questions criterion of SCJ
1. Press Release C.08 - 09
El Salvador, February 11th, 2009.
Agreement amongst Competitors
CS questions criterion of SCJ
The Competition Superintendence (CS) disagrees with the way the Administrative
Contentious Tribunal (ACT) of the Supreme Court of Justice (SCJ) admitted the
suit filed by MOLSA.
The CS disagrees with the ACT of the SCJ for the admission of the suit. Said suit was
“The CS has filed by MOLSA, in order not to pay the fine and comply with the cease of the conduct,
requested the ACT of imposed by the Board of Directors (BD) of the CS, after proving the existence of an
the SCJ to respect agreement amongst competitors.
the legal competence
of the CS. The SC filed a recourse requesting the ACT to revoke the resolution admitting the suit,
Furthermore, has due to the fact that said admission is not precise and expressly rejects the CS´ request
proven to the ACT to the ACT not to resolve with respect to substantive aspects which are of the exclusive
that an eventual competence of the CS.
precautionary remedy
With the aforementioned decision, the CS´ right to defense is jeopardized. Furthermore,
would harm public
the ACT would be invading attributions and powers that the law was vested the CS
welfare, the way the with. On one hand, the ACT did not clarify the elements that would be part of the
wheat flour market dispute and, on the other, the ACT is trying to analyze within the contentious
functions in our administrative process substantive issues that dully correspond to Competition Law,
country, and reserved exclusively to the Executive Branch through the CS.
definitively, the
consumers´ budgets. In addition to requesting the ACT to revoke the admission on the terms executed, the
The disputed acts CS pronounced itself with respect to the precautionary remedy requested by MOLSA
were executed and explained to the ACT the harm to public welfare, to the way the wheat flour market
pursuant to the functions in our country, and definitively, to the consumers´ budgets, if such
legality principle and precautionary remedy was ordered and the effects of the disputed acts were
suspended.
other constitutional
and legal provisions,”
Likewise, the CS informed the ACT about the existence of the disputed acts,
said Celina Escolan emphasizing that the same were ordered pursuant to the legality principle and to other
Suay, President of constitutional, legal and regulatory provisions.
the BD of the CS.
On April 3rd, 2008, the CS obtained the judicial order to search MOLSA´s premises,
amongst others. The raid was executed with the cooperation of MOLSA, where the
evidence collected was very useful for the BD of the CS to sanction the aforementioned
company. Said search with judicial order was the first one carried out by the CS, since
the inspections that were permitted before the Competition Law amendments of
October 2007, in force since November 2007, required prior notice to the economic
agents.
Edificio Madreselva, Primer Nivel, Calzada El Almendro y 1ª Avenida El Espino, Urbanización Madreselva.
Antiguo Cuscatlán, El Salvador.
Conmutador (503) 2523-6600, Fax (503) 2523-6625 Comunicaciones (503) 2523-6616
2. Pursuant to paragraph 1 of Article 86 of the Constitution: “The public power comes from the people. The
Branches of the Government shall exercise it independently within their respective attributions and
competences established by this Constitution and the laws. The attributions of the Branches of the
Government are not delegable…”.
Background
April 1st, 2008 The CS ex-officio ordered the initiation of the sanctioning procedure against
MOLSA and HARISA.
April 2nd, 2008 The CS requested the search with judicial order of MOLSA´s and HARISA´s
premises.
April 3rd, 2008 The CS obtained the judicial orders to search MOLSA and HARISA.
The CS notified the companies the decision ordering the formal investigation.
The CS simultaneously carried out the searches with prior judicial order in
each of the companies´ premises.
July 1st, 2008 The CS concluded the investigation, integrated the file, and sent it to the BD for
final ruling.
September 4th,2008 The BD issued the final resolution.
September 12th, 2008 MOLSA and HARISA filed the revision recourse.
October 14th, 2008 The BD of the CS confirmed the final resolution.
October 28th, 2008 MOLSA filed an administrative contentious suit before the ACT of the SCJ
against the resolution issued by the BD of the CS.
November 13th, 2008 The BD of the CS requested the ACT of the SCJ to be heard prior to the
issuance of the precautionary remedy requested in process initiated by MOLSA.
February 9th, 2009 The ACT of the SCJ notified the BD of the CS the admission of MOLSA´s suit,
rejected the limitation requested by the BD of said admission, and conferred a
hearing in order to make a statement before deciding on the precautionary
remedy requested.
February 10th, 2009 The BD of the CS requested the ACT of the SCJ to revoke the admission of the
suit and. based on the eventuality principle, rendered the requested report,
answered the conferred hearing, and asked not to order the precautionary
remedy.
Edificio Madreselva, Primer Nivel, Calzada El Almendro y 1ª Avenida El Espino, Urbanización Madreselva.
Antiguo Cuscatlán, El Salvador.
Conmutador (503) 2523-6600, Fax (503) 2523-6625 Comunicaciones (503) 2523-6616