Cinepax’s offer to hold five shows for the underprivileged

The Competition Commission of Pakistan (CCP) has agreed to accept Cinepax’s offer to hold five shows for the underprivileged on their biggest screen, in lieu of their violation.

A bench of the Competition Commission of Pakistan (CCP) comprising its Chairperson Rahat Kaunain Hassan and Dr Joseph Wilson, (Member), has passed the order in the matter of Cinepax Limited (‘Cinepax’) taking a compliance-oriented approach and while finding a past violation.

The commission had received a complaint alleging a “tie-in” of movie tickets with food coupons, the sale of cinema tickets contingent on the mandatory purchase of food coupons worth Rs50 each, thus, violating the Competition Act, 2010.

The CCP appreciated the amicable approach of Cinepax in the matter and its desire to maintain good corporate governance.

Cinepax offered to hold five free movie shows during the year for the underprivileged, in lieu of its violation.

Therefore, pursuant to the CCP’s compliance-oriented approach where businesses are keen to rectify their behaviour and discipline themselves in accordance with the law, it was deemed appropriate under the circumstances to take a lenient view and accept the Cinepax’s offer to hold a minimum of five free shows for the underprivileged during 2011.

 

The News

LEAVE A REPLY

Please enter your comment!
Please enter your name here