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INTRODUCTION TO COMPETITION LAW - CCI

COMPETITION Commission of IndiaHkkjrh; izfrLi/kkZ vk;ksxFair CompetitionFor Greater GoodFair CompetitionFor Greater GoodFair CompetitionFor Greater GoodINTRODUCTION TO COMPETITION LAWINTRODUCTION TO COMPETITION LAW(Part 1- Basic INTRODUCTION )PrefaceThe COMPETITION Commission of India (Commission) has been established under 1the COMPETITION Act, 2002 (the Act) to prevent practices having adverse effect on COMPETITION , to promote and sustain COMPETITION in Indian 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. It is mandated, inter alia, to take suitable measures for the promotion of COMPETITION advocacy, creating awareness and imparting training about COMPETITION issues.

The new system emphasizes the role of market and supplemented by regulation, aims to create a favourable business environment in the country. 3. The Competition Act, 2002 The Competition Act, 2002 (“Competition Act”), as amended by the Competition (Amendment) Act, 2007, follows the philosophy of modern competition laws.

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