Competition act download

Competition act , 2002 Some of the objectives of Competition Act are as follows :- • Establishment of a Commission to prevent adverse effect on competition. • Promotion and sustenance of competition in the market. • Protection of consumers’ interests. • Freedom of trade. • Predecessor:

Compensation in case of contravention of orders of Commission 43.
Penalty for failure to comply with directions of Commission and Director General 43A.
Power to impose penalty for non-furnishing of information on combinations 44.
Penalty for making false statement or omission to furnish material information 45.

Such agreements [namely tie in arrangements, exclusive dealings (supply and distribution), refusal to deal and resale price maintenance] shall be presumed as anti- competitive if they cause or are likely to cause an appreciable adverse effect on competition within India.