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competition, to promote and sustain competition in markets, to protect the interests of consumers and to ensure freedom of trade carried on by other participants in markets, in India, and for matters connected therewith or incidental thereto.
The Act prohibits anti-competitive practices which causes or are likely to cause an appreciable adverse effect on competition within India. The Competition Act provides for the establishment of a quasi-judicial body, namely, the Competition Commission of India (Commission) for the administration of the Act.
Feb 10, 2024 · Competition Law is an up-and-coming area of law that is very important to monitor and maintain a free and fair market. It is important to understand the intricacies of competition law to ensure that the economy of India continues to thrive and businesses keep booming.
Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement.
An Act to provide, 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 by other participants in markets, in India ...
Aug 24, 2022 · This article is written by Shraddha Jain, a student of the Institute of Law, Nirma University, Ahmedabad. The article discusses anti-competitive agreements, abuse of dominance, acquisitions, and mergers in order to establish an effective competition regime in India.
Competition Commission of India, Government of India. Our Vision. To promote and sustain an enabling competition culture through engagement and enforcement that would inspire businesses to be fair, competitive and innovative; enhance consumer welfare; and support economic growth. Legal Framework. Institutional Framework. Antitrust.
4 days ago · Master Competition Law: Notes, Case Laws, and Study Material. Essential resources for understanding market regulations. Competition Law is a law that promotes or seeks to maintain market competition by regulating companies' anti-competitive conduct.
Jan 9, 2024 · A number of judgments were pronounced in 2023 that impact the jurisdiction and functioning of the Competition Commission of India, and address contentious issues within the Indian competition law framework.
Overview of Competition Law in India Grounds for Competition Laws: The ompetition Act, 2002 (”Act”) was introduced to transform the landscape of competition law in India. In generality, competition laws are premised upon the principle that while competition is
