A. 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. Q. What is an enterprise?
A. "Enterprise" means a person or a department of the Government, who or which is, or has been, engaged in any activity, relating to the production, storage, supply, distribution, acquisition or control of articles or goods, or the provision of services, of any kind, or in investment, or in the business of acquiring, holding, underwriting or dealing with shares, debentures or other securities of any other body corporate, either directly or through one or more of its units or divisions or subsidiaries, whether such unit or division or subsidiary is located at the same place where the enterprise is located or at a different place or at different places, but does not include any activity of the Government relatable to the sovereign functions of the Government including all activities carried on by the departments of the Central Government dealing with atomic energy, currency, defence and space.
BCCI’s unfair deals in IPL
TOI – Feb 8, ‘13
NEW DELHI: Fair trade regulator competition commission on Friday held that the Indian cricket board indulged in anti-competitive practices and slapped a penalty of Rs 52.24 crore on it. Observing that BCCI abused its dominant position, the competition commission directed it to "cease and desist" from any practice in future denying market access to potential competitors, including inclusion of similar clauses in any future agreement. The complaint was filed by a city-based individual,...