Competition act in india
29th november, 2013 ajay kumar 05 chintan kothari 12 gulistaan dumasia 18 kashmira khodaiji 24 neha kumar 29 ruchit butala 40 subramanian 51 saurab salian 45 s. 2 measuring the pulse of competition law in india - an ey fraud investigation & dispute services report contents executive summary 5 competition law in india 6. Effect of compitition law on mergers and with the emergence of the new competition law regime in india a host of issues need to be looked into as far as. The indian competition act also empowers the competition commission of india to allow mergers subsequent to compliance of conditions attached to approval.
The competition act, 2002 was enacted by the parliament of india and governs indian competition lawit replaced the archaic the monopolies and restrictive trade practices act, 1969. The competition act, 2002 (competition act) it primarily seeks to prohibit behavioural conduct in the form of anti competitive agreements and abuse of a dominant position and regulates combinations (ie, mergers, acquisitions and amalgamations). Ppt on competition act 2002 of india with example cases.
The history of competition law in india dates back to the 1960s when the first competition law, namely the monopolies and restrictive trade practices act. Competition commission of india relevant turnover and its basis in the competition act by competition law litigation in india still seems to be at its.
The competition act, 2002 was passed by the parliament in the year 2002, to which the president accorded assent in january, 2003 it was subsequently amended by the competition (amendment) act, 2007. This article traces the legislative focus of the mrtp act,1969 and the competition act 2002 in light of abuse of dominant position.
Overview of competition act,2002 the act seeks to ensure fair competition in india by prohibition trade practices which cause appreciable adverse effect on.
India’s competition law 1 why you should be concerned about the competition act india’s competition law for private circulation-educational &. This article was first published in the practical lawyer the competition act, 2002 (the act) was brought into force inter alia with the objective of curbin.
The competition act if such agreement causes or is likely to cause an appreciable adverse effect on competition in india 2 abuse of. In the wake of liberalization and privatization that was triggered in india in early nineties, a realization gathered momentum that the existing monopolistic and restrictive trade practices act, 1969 was not equipped adequately enough to tackle the competition aspect of the indian economy. The monopolies & restrictive trade practices act, 1969 is the first enactment to deal with competition issues and came into effect on 1st june 1970 with the liberalization of the economy and the re-definition of the role of the state and of the private sector in the indian economy, competition policy in india.Get file