WebKey Concepts and Significant features of Competition Act, 2002 For the detailed understanding of the Act it is important to get an insight of several important concepts … WebJan 5, 2024 · India’s Competition Act, 2002, enacted to fulfil the twin objectives of regulation of anti-competitive practices and give effect to the World Trade Organization (WTO) Agreements. The enactment ...
Recent cases of Competition Commission of India
WebMay 6, 2024 · In 2002, the Competition Act was enacted to replace the Monopolies and Restrictive Trade Practices Act, 1969, as it was considered insufficient to control anti-competition practises and nurture competition. The Competition Act, focused mainly on abuse of dominance, anti-competition agreements, competition advocacy and … Web1. Short title, extent and commencement.—. (1) This Act may be called the Competition Act, 2002. (2) It extends to the whole of India except the State of Jammu and Kashmir. (3) It shall come into force on such date 1 as the Central Government may, by notification in the Official Gazette, appoint: Provided that different dates may be appointed ... hustler mower oil type
Introduction of Competition (Amendment) Bill, 2024: A step …
WebNov 2, 2024 · The Competition Act, 2002 was commenced on 31st March, 2003. It was introduced by Arun Jaitley. The Act extends to the whole of India ... CONCLUSION . The message is loud yet certain that a very … WebMar 12, 2024 · Section 4 (2) of the (Indian) Competition Act 2002 (the Act) provides that there shall be an abuse of a dominant position if an enterprise or a group: directly or indirectly imposes unfair or ... WebMar 28, 2024 · T he Competition Act, 2002 (act), gives wide discretion to the Competition Commission of India (CCI) to penalise enterprises and individuals for engaging in anti-competitive practices. Under section 27(b), the CCI can impose a penalty of up to 10% of the average turnover for the past three preceding financial years. In the case of a cartel, … hustler mower parts battery