5 Anti Competitive Agreement
5 Anti Competitive Agreement
5 Anti Competitive Agreement
PROHIBITION OF CERTAIN
AGREEMENTS
Came into force on - 13th January, 2003
Competition (Amendment) Act, 2007.
SS 3, 4 – on 20/9/2010
Combinations- 1/6/2011
Objects of the Act
1. Ensure fair competition - Prohibiting
trade practice causing appreciable
adverse effect on the competition
2. Promote & sustain competition in
markets
3. Protect the interest of consumers
4. Ensure freedom of trade on by other’s
in the market.
Prohibition of Agreements - Anti - Competitive Agreements (Sec. 3)
No enterprise
Assn. of enterprises Shall enter into
Person – Production any agreement in
Assn. of persons respect of
Control of
Goods Supply
Provision of
Services
Sec 3
Acquisition Distribution
Which causes or
(2) Any agreement Storage is likely to cause
- Shall be void an AAEC within
India
Sec. 3 Cont….
(3) Any agreement entered into…..
Practice carried on, or decision taken by,
Any Assn. of enterprises/of persons,
including cartels -
Engaged in identical or similar trade of
goods or provision of services -
WHICH -
(a) directly or indirectly Determines Purchase or Sale
Prices;
(b) Limits or Controls Production, Supply, Markets, Technical
Development, Investment or Provision of Services;
Exclusive Exclusive
Tie-in Supply Distribution Refusal Resale Price
Arrangement Maintenance
Agreement Agreement To Deal