The Competition Act, 2002
- The Competition Act, 2002
-
| The Competition Act, 2002 |
 |
| An Act to provide, keeping in view of the economic development of the country, for the establishment of a Commission to prevent practices having adverse effect on competition, to promote and sustain competition in 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. |
| Citation |
Act No. 12 of 2003 |
| Enacted by |
Parliament of India |
| Date assented to |
13 January 2003 |
| Date commenced |
31 March 2003 |
The Competition Act, 2002 was enacted by the Parliament of India and governs Indian competition law. It replaced the archaic Monopoly and Restrictive Trade Practices Act. Under this act, the Competition Commission of India was established to prevent activities that have an adverse effect on competition in India.
Amendments
The Competition Act, 2002 was amended by the Competition (Amendment) Act, 2007 and again by the Competition (Amendment) Act, 2009. An amendment bill introduced in 2006 was withdrawn.
References
External links
Official
Wikimedia Foundation.
2010.
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