Transcription of INTRODUCTION TO COMPETITION LAW - CCI
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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 Monopolies and Restrictive Trade Practices Act has become obsolete in certain areas in the light of international economic developments relating to competition laws. We need to shift our focus from curbing monopolies to promoting competition. Government has decided to appoint a …
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