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    Competition Act Presentation 1

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    feno andrianary
    The document discusses India's competition authority and policies. It establishes two tiers of agencies under the Competition Act of 2002: the Competition Commission of India, which promotes competition and protects consumer interests, and the Competition Appellate Tribunal, which hears appeals. The Commission can investigate anti-competitive practices while exempting some sectors like public institutions and banks. Competition policies aim to prevent anti-competitive conduct through competition law while using other policies like trade, industrial, and economic policies to enhance competition.

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    Competition Act Presentation 1

    Uploaded by

    feno andrianary
    36 views3 pages
    The document discusses India's competition authority and policies. It establishes two tiers of agencies under the Competition Act of 2002: the Competition Commission of India, which promotes competition and protects consumer interests, and the Competition Appellate Tribunal, which hears appeals. The Commission can investigate anti-competitive practices while exempting some sectors like public institutions and banks. Competition policies aim to prevent anti-competitive conduct through competition law while using other policies like trade, industrial, and economic policies to enhance competition.

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    The document discusses India's competition authority and policies. It establishes two tiers of agencies under the Competition Act of 2002: the Competition Commission of India, which promotes competition and protects consumer interests, and the Competition Appellate Tribunal, which hears appeals. The Commission can investigate anti-competitive practices while exempting some sectors like public institutions and banks. Competition policies aim to prevent anti-competitive conduct through competition law while using other policies like trade, industrial, and economic policies to enhance competition.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    36 views3 pages

    Competition Act Presentation 1

    Uploaded by

    feno andrianary
    The document discusses India's competition authority and policies. It establishes two tiers of agencies under the Competition Act of 2002: the Competition Commission of India, which promotes competition and protects consumer interests, and the Competition Appellate Tribunal, which hears appeals. The Commission can investigate anti-competitive practices while exempting some sectors like public institutions and banks. Competition policies aim to prevent anti-competitive conduct through competition law while using other policies like trade, industrial, and economic policies to enhance competition.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Competition authority

    In the competition act 2002, Two tiers agencies were created as per its provisions

     Competition commission of india

    Concerning Competition commission of India, It is its duty to eliminate practices having


    adverse effect on competition, promote and sustain competition, protect the interests of
    consumers and ensure freedom of trade in the markets of India. And this commission is
    assisted by the director general

     Competition appellate tribunal (COMPAT)

    The COMPAT is made to hear appeals from a person, enterprise, local authority which are
    aggrieved by any direction, decision or order in regards to competition. And they can also
    provide compensation.

    And any person aggrieved by any decision or order of the Appellate Tribunal can file an
    appeal to the Supreme Court which is considered as the ultimate appeal.

    Competition policies

    Now let’s move on to the competition policy, to prevent a possible anti-competitive action,
    there is need for competition law and policy, and an authority to enforce it.

    So this Competition policy generally entails:

     Competition law prohibiting anti-competitive conduct by businesses

     Sectoral regulatory laws to check situations where market fails

    This can include Government policies namely:

    Industrial policy

    Which assert that Competition, both domestic and external, will be deepened across industry

    Trade policy
    Which claimed that a liberalised trade policy, relaxed foreign investment and ownership
    requirements can enhance competition in local and national markets

    Privatization

    It just states that the government believes that privatisation should increase competition, not
    decrease it

    Economic policy and Labour policy

    This consist of promoting sustained high level of economic growth, so that it can improve
    productivity which can help in attaining international competitiveness and generating
    employment opportunities

    Non applicability

    Finally concerning its applicability

    Competition Act is not applicable in the following cases

    1. Public Financial Institutions.

    2. Foreign Institutional Investors (FIIs).

    3. Banks.

    4. Venture capital Funds (VCFs)

    5. Agreements related to intellectual property rights (IPRs) such as trademarks, patents,


    copyrights etc.

    Conclusion

    As a conclusion, we can say that the competition Act, 2002 is landmark legislation.
    Its main aim is to promote competition and curb all anti-competitive agreements. Indeed, not
    only does it restrict the abuses of dominant enterprises, but it also regulates any kind of
    combinations beyond a particular size.

    But bear in mind that this Act does not curb monopolies rather it curbs abuses of monopolies.

    Thus, the competition Act is expected to protect the interest of the small and medium
    industries in the country besides giving consumers more powers to redress their grievances.

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