Competition law notes scribd

Presidential assent towards the end of 2007 brought significant changes to the Competition Law regime in India.
Most noteworthy of the changes proposed by the Amendment Act was the introduction of a mandatory notification process for persons undertaking combinations above prescribed threshold limits.

Later on, the concept of competition was further changed and it was noted that competition is something which existed only among the buyers within a single market, or only among the sellers.
The law kept close step with these about the restraints on indiviual freedom that contracts in restraint of trade entailed.

Particularly, section 5© of the Competition Act describes the mode in which a combination may be brought through a merger.
Types of mergers:

Increasingly active at all International cpmferemces are the United Nations Conference on Trade and Development (UNCTAD) and the Organization for Economic Co-operation and Development (OECD), which is prone to making neo-libeal recommendations about the total application of competition law for public and private industries.