Competition Act in India

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Competition Act in India

By | August 2010
Page 1 of 42
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Table of Contents

Introduction of Competition………………………………………………………………………2

Economic Phases in India…………………………………………………………………………4

The Competition Act, 2002……………………………………………………………………….8

Anti – Competition Agreements (Section 3)…………………………………………….10

Abuse of Dominance (Section 4)………………………………………………………...11

Regulations of Combinations (Section 6)………………………………………………..13

Competition Advocacy (Section 49)…………………………………………………….16

Competition Commission of India………………………………………………………………18

Case Studies……………………………………………………………………………………...26

Jet Airways & Air Sahara………………………………………………………………..30

European Union Competition Commission……………………………………………………...31

Background………………………………………………………………………………32

Cartels……………………………………………………………………………………33

Dominance & Monopoly………………………………………………………………...33

Mergers…………………………………………………………………………………..34

State Aid…………………………………………………………………………………35

Anti Trust………………………………………………………………………………..36

Other Case Studies………………………………………………………………………………37

Intel Anitrust Case……………………………………………………………………….37 Acelor Mittal Case……………………………………………………………………….38

Conclusion……………………………………………………………………………………….42

References……………………………………………………………………………………….44

Introduction

What is competition?

Competition is a process of economic rivalry between market players to attract customers. These market players can be multinational or domestic companies, wholesalers, and retailers. Market competition spurs firms to be more efficient, innovative, and responsive to consumer needs. Consumers enjoy more choices, lower prices, and better products and services. The economy as a whole benefits from greater productivity gains and more efficient resource allocation. Therefore, wherever appropriate, sectors are opened of the economy to market competition. Competition law and liberalization co-exists. Liberalization without competition law is like a...
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