Competition and Antitrust Law
Competition and antitrust law in India refers to the body of laws and regulations that aim to promote and protect competition in the marketplace and prevent anticompetitive practices.
In India, competition and antitrust law is governed by the Competition Act, 2002 (CA). The CA establishes a regulatory framework for competition in India and is administered by the Competition Commission of India (CCI). The CCI is responsible for enforcing the CA and preventing anticompetitive practices, such as price-fixing, bid-rigging, and market abuse.
Some of the key provisions of the CA include:
Prohibitions on anticompetitive agreements: the CA prohibits agreements between enterprises that have the effect of preventing, restricting, or distorting competition
Prohibitions on abuse of dominance: the CA prohibits enterprises that hold a dominant position in the market from engaging in conduct that abuses that position and causes harm to competition
Merger control: the CA requires enterprises that are planning to merge or acquire another enterprise to notify the CCI and obtain clearance if the merger or acquisition may have an adverse impact on competition
If you are involved in a business or have legal issues related to competition and antitrust law in India, it is important to seek the advice of a lawyer who has experience in this area of law and is familiar with the CA and the CCI's regulations.