Competition law in india pdf

  • What is the purpose of market definition in competition law in India?

    Market definition takes into account both the demand and supply considerations.
    On the demand side, products must be substitutable from the buyer's point of view.
    On the supply side, sellers must be included who produce or could easily switch production to the relevant product or close substitutes..

  • Why is there a need for competition law in India?

    ‡ The need for Competition Law arises because market can suffer from failures and distortions, and various players can resort to antiYcompetitive activities such as cartels, abuse of dominance etc. which adversely impact economic efficiency and consumer welfare..

  • The Act prohibits any conduct which amounts to the abuse of a dominant position which may have, as its object or effect, an appreciable adverse effect on competition in any market in India.
  • The Competition Act, 2002
    The Act prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and Merger and acquisition), which causes or likely to cause an appreciable adverse effect on competition within India.
Competition Act governs anti-competitive agreements and prohibits: agreements involving production, supply, distribution, storage, acquisition or control of 

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