What is section 19 of Competition Act?
(l) relative advantage, by way of the contribution to the economic development, by the enterprise enjoying a dominant position having or likely to have appreciable adverse effect on competition; (m) any other factor which the Commission may consider relevant for the inquiry.
What is Section 19 1 A of Competition Act 2002?
This petition has been filed under Section 19 (1)(a) of the Competition Act, 2002 by informant against the opposite party alleging contravention of the provisions of Sections 3 and 4 of the Act for controlling horse racing activity and imposing unfair and discriminatory conditions for getting results in their favour.
What is section 4 of Competition Act 2002?
Section 4 of the (Indian) Competition Act 2002 (the Act) prohibits enterprises holding a dominant position in a relevant market from abusing such a position. It prevents any enterprise or group from abusing its dominant position. The Act also provides circumstances under which there is abuse of dominant position.
What are the salient features of Competition Act of 2002?
Frequently Asked Questions about Competition Act 2002 Prohibition of anti competitive agreements. Prohibition of abuse of dominance. Regulation of combination (acquisition, mergers, and amalgamation of certain size) Establishment of the competition commission of India.
Which section of the Competition Act defines competition?
Section 3 of the Act prohibits any arrangement relating to the manufacture, supply, distribution, storage, purchase, or control of commodities or the provision of services that has or is likely to have a significant negative impact on competition in India.
What is Section 3 of the Competition Act?
(1) No enterprise or association of enterprises or person or association of persons shall enter into any agreement in respect of production, supply, distribution, storage, acquisition or control of goods or provision of services, which causes or is likely to cause an appreciable adverse effect on competition within …
Which of the following is determined under section 19 3 of the Competition Act 2002?
Section 19(3) of the Act states that while determining whether an agreement has an appreciable adverse effect on competition under section 3, the commission shall give due regard to all or any of the following factors: 1. creation of barriers of new entrants in the market; 2.
What are the four pillars of Competition Act?
To prevent practices that are detrimental to competition. To promote and sustain competition in the markets. To safeguard the interests of the consumers. To ensure freedom of trade carried out by other participants.
What are the three parts of competition law?
The course will cover the major areas of competition law: cartels, mergers, antitrust (anti- competitive agreements and abuses of a dominant position) and State intervention (including State Aids and other types of behaviour by public authorities that could distort competition).
What are the provisions of Competition Act 2002?
to provide the framework for the establishment of the Competition Commission. to prevent monopolies and to promote competition in the market. to protect the freedom of trade for the participating individuals and entities in the market. to protect the interest of the consumer.
What is per se rule in competition law?
What is the ‘per se’ rule. According to the per se rule, any act which is in restraint of trade or an agreement that tends to violate antitrust laws and involve anti-competitive practices is generally regarded as illegal or unreasonable.
What is section 3 of Competition Act?
What are the main provisions of Competition Act 2002?
What are the three pillars of the Competition Act?
The three areas of enforcement that are provided for in most competition laws are: (i) Anti-competitive agreements including Cartels (ii) Abuse of dominance, and (iii) Mergers which have potential for anti-competitive effect. The Competition Act was enacted in the year 2002 and it came into force on 13th January 2003.
What are the provisions of Competition Act?
Objectives of the Competition Act
- to provide the framework for the establishment of the Competition Commission.
- to prevent monopolies and to promote competition in the market.
- to protect the freedom of trade for the participating individuals and entities in the market.
- to protect the interest of the consumer.