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31:
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is a body corporate and independent entity possessing a common seal with the power to enter into contracts and to sue in its name. It is to consist of a chairperson, who is to be assisted by a minimum of two, and a maximum of six, other members. It is the duty of the commission to eliminate practices
199:
The
Monopolies and Restrictive Trade Practices Act, 1969 had its genesis in the Directive Principles of State Policy embodied in the Constitution of India. It received the assent of the President of India on 27 December 1969. The Monopolies and Restrictive Trade Practices Act was intended to curb the
369:
Any person aggrieved by an order of the commission can apply to the commission for review of its order within thirty days from the date of the order. Commission may entertain a review application after the expiry of thirty days, if it is satisfied that the applicant was prevented by sufficient cause
304:
There shall be an abuse of dominant position if an enterprise imposes directly or indirectly unfair or discriminatory conditions in purchase or sale of goods or services or restricts production or technical development or create hindrance in entry of new operators to the prejudice of consumers. The
295:
A 'horizontal agreement' is an agreement for co-operation between two or more competing businesses operating at the same level in the market. A vertical agreement is an agreement between firms at different levels of the supply chain. For instance, a manufacturer of consumer electronics might have a
58:
An Act to give, keeping in view of the economic development of the country, for the establishment of a
Commission to prevent practices having adverse effect on competition, to promote and sustain competition in markets, to protect the interests of consumers and to ensure freedom of trade carried on
185:
The
Government of India in April 1964 appointed the Monopolies Inquiry Commission under the Chairmanship of Justice K. C Das Gupta, a judge of the Supreme Court, to inquire into the extent and effect of concentration of economic power in private hands and prevalence of monopolistic and restrictive
395:
Section 44 provides that if any person, being a party to a combination makes a statement which is false in any material particular or knowing it to be false or omits to state any material particular knowing it to be material, such person shall be liable to a penalty which shall not be less than
313:
The Act is designed to regulate the operation and activities of combinations, a term, which contemplates acquisition, mergers or amalgamations. Combination that exceeds the threshold limits specified in the Act in terms of assets or turnover, which causes or is likely to cause adverse impact on
378:
Any person aggrieved by any decision or order of the
Commission may file an appeal to the Supreme Court within sixty days from the date of communication of the decision or order of the commission. No appeal shall lie against any decision or order of the commission made with the consent of the
155:
It is a tool to implement and enforce competition policy and to prevent and punish anti-competitive business practices by firms and unnecessary
Government interference in the market. Competition law is equally applicable on written as well as oral agreements and arrangements between or among
268:
Enterprises, persons or associations of enterprises or persons, including cartel, shall not enter into agreements in respect of production, supply, distribution, storage, acquisition or control of goods or provision of services, which cause or are likely to cause an
391:
If any person does not comply with the orders or directions issued, or fails to pay the fine imposed under this section, he shall be punishable with imprisonment for a term which will extend to three years, or with fine which may extend to ₹ 25 crores or with both.
326:
having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India. The commission is also required to give opinion on competition issues on a reference received from a
370:
from preferring the application in time. No order shall be modified or set aside without giving an opportunity of being heard to the person in whose favour the order is given and the
Director General where he was a party to the proceedings.
162:
The Act establishes a
Commission which is duty bound to protect the interests of free and fair competition (including the process of competition), and as a consequence, protect the interests of consumers. Broadly, the commission's duty is:-
232:
Cartel includes an association of producers, sellers, distributors, traders or service providers who, by agreement among themselves, limit control or attempt to control the production, distribution, sale or price of goods or provision of
387:
If any person fails to comply with the orders or directions of the
Commission shall be punishable with fine which may extend to ₹ 1 lakh for each day during which such non compliance occurs, subject to a maximum of ₹ 10 crore.
333:
Commission has the power to inquire into unfair agreements or abuse of dominant position or combinations taking place outside India but having adverse effect on competition in India, if any of the circumstances exists:
239:
It means a position of strength, enjoyed by an enterprise, in the relevant market which enables it to operate independently of competitive forces prevailing in the market or affect its competitors or consumers in its
253:
It is the analysis of any activity under the challenge on the basis of business justification, competitive intent, market impact, impact on competition and on consumer. It is the logic behind the conclusion for any
246:
Predatory pricing means the sale of goods or provision of services, at a price which is below the cost of production of the goods or provision of services, with a view to reduce competition or eliminate the
305:
provisions relating to abuse of dominant position require determination of dominance in the relevant market. Dominant position enables an enterprise to operate independently or affect competitors by action
273:" on competition in India. Such agreements would consequently be considered void. Agreements which would be considered to have an appreciable adverse impact would be those agreements which-
283:
Share the market or source of production or provision of services by allocation of inter alia geographical area of market, nature of goods or number of customers or any other similar way,
167:
To prohibit the agreements or practices that have or are likely to have an appreciable adverse effect on competition in a market in India, (horizontal and vertical agreements / conduct);
226:
Acquisition means, directly or indirectly, acquiring or agreeing to acquire shares, voting rights or assets of any enterprise or control over management or assets of any enterprise.
770:
173:
To prohibit acquisitions, mergers, amalgamations etc. between enterprises which have or are likely to have an appreciable adverse effect on competition in market(s) in India.
200:
rise of concentration of wealth in a few hands and of monopolistic practices. It was repealed in
September 2009. The Act has been succeeded by The Competition Act, 2002.
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In addition to this, the
Competition Act envisages its enforcement with the aid of mutual international support and enforcement network across the world.
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established under any law and to undertake competition advocacy, create public awareness and impart training on competition issues.
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The Competition Act, 2002 was amended by the Competition (Amendment) Act, 2007 and again by the Competition (Amendment) Act, 2009.
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861:
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was established to prevent the activities that adversely affected competition in India. This act extends to whole of India.
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Any other matter or practice or action arising out of such agreement or dominant position or combination is outside India.
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vertical agreement with a retailer according to which the latter would promote their products in return for lower prices.
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or arrangement with any foreign agency of any foreign country with the prior approval of Central Government.
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Limit or control production, supply, markets, technical development, investment or provision of services,
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by other participants in markets, in India, and for matters connected therewith or incidental thereto.
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rupees fifty lakhs but which may extend to rupees one crore, as may be determined by the Commission.
1032:
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To regulate advertising, in 1984, Parliament inserted a chapter on unfair trade practices in the
983:
570:"THE MONOPOLIES AND RESTRICTIVE TRADE PRACTICES ACT, 1969 POLICY, PROVISIONS AND PERFORMANCE"
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The Monopolies and Restrictive Trade Practices Commission was constituted in the year 1970.
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competition within the relevant market in India, can be scrutinized by the commission.
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trade practices in important sectors of economic activity other than agriculture.
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To deal with cross border issues, Commission is empowered to enter into any
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Directly or indirectly result in bid rigging or collusive bidding.
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Arbitrability Of Competition Disputes In The Indian Context
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Any enterprise abusing dominant position is outside India
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Directly or indirectly determine sale or purchase prices,
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The Monopolies and Restrictive Trade Practices Act, 1969
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The Monopolies and Restrictive Trade Practices Act, 1969
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The Monopolies and Restrictive Trade Practices Act, 1969
451:"Sub-section 1 of Section 7 of Competition Act 2002"
420:
191:
Monopolies and Restrictive Trade Practices Act, 1969
146:
Monopolies and Restrictive Trade Practices Act, 1969
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and governs Indian competition law. It replaced the
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691:"Section 4 (explanation) of Competition Act 2002"
677:"Section 4 (explanation) of Competition Act 2002"
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1024:
347:A combination has been established outside India
545:Restrictive Trade Practices and Public Interest
170:To prohibit the abuse of dominance in a market;
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745:"Organogram | Competition Commission of India"
607:. Tata McGraw-Hill Education. 1 January 2013.
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909:
719:"About CCI | Competition Commission of India"
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203:The Competition Bill, 2001 was introduced in
338:An agreement has been executed outside India
350:A party to a combination is located abroad.
341:Any contracting party resides outside India
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473:"CCI will be in full operation next year"
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872:The Competition (Amendment) Bill, 2009
867:The Competition (Amendment) Bill, 2007
862:The Competition (Amendment) Bill, 2006
663:"Section 2(c) of Competition Act 2002"
649:"Section 2(a) of Competition Act 2002"
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521:Pathak, Akhileshwar (18 April 2016).
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1038:Acts of the Parliament of India 2002
824:"Section 43 of Competition Act 2002"
810:"Section 40 of Competition Act 2002"
796:"Section 37 of Competition Act 2002"
542:Singh, Ravi Karan (1 January 1989).
705:"Section 4 of Competition Act 2002"
406:National Competition Policy (India)
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148:. Under this legislation, the
16:Act of the Parliament of India
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1058:Corporate governance in India
629:"Competition Bill introduced"
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889:National Competition Council
591:. Georg Thieme Verlag. 1970.
510:. Georg Thieme Verlag. 1970.
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359:Memorandum of Understanding
271:"appreciable adverse impact
264:Anti-Competitive Agreements
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857:The Competition Bill, 2001
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548:. Mittal Publications.
1063:2002 in Indian economy
882:10 March 2013 at the
850:10 March 2013 at the
479:. 11 September 2007.
328:statutory authority
142:Parliament of India
140:was enacted by the
82:Parliament of India
39:Parliament of India
1053:Marketing in India
1048:2002 in Indian law
291:Types of agreement
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237:Dominant position:
214:on 6 August 2001.
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218:Definitions
1027:Categories
457:3 November
438:References
431:Law portal
50:Long title
1012:Australia
634:The Hindu
485:0971-751X
477:The Hindu
379:parties.
233:services.
205:Lok Sabha
96:Commenced
930:Americas
880:Archived
848:Archived
528:Livemint
400:See also
131:In force
68:Citation
1005:Oceania
984:Ireland
383:Penalty
240:favour.
230:Cartel:
181:History
129:Status:
115:Repeals
996:Russia
972:Europe
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374:Appeal
254:order.
963:Japan
958:India
953:China
573:(PDF)
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782:2015
757:2015
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609:ISBN
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492:2015
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459:2015
207:by
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