Consumer Prtiection

Only available on StudyMode
  • Download(s) : 28
  • Published : May 28, 2013
Open Document
Text Preview
PROTECTING CONSUMER INTERESTS UNDER COMPETITION LAW ___________________________

INTERNSHIP PROJECT REPORT

SUBMITTED TO: THE COMPETITION COMMISSION OF INDIA

UNDER THE GUIDANCE OF: DR. VIJAY KUMAR SINGH
DEPUTY DIRECTOR (LAW)

SUBMITTED BY: SHUBHANGI GOEL ILS LAW COLLEGE PUNE.

____________________________

COMPETITION COMMISSION OF INDIA NEW DELHI OCTOBER 2012

Protecting Consumer Interests under Competition Law

ACKNOWLEDGEMENT
I would like to take this opportunity to thank all the people who have helped me in the completion of this project. Firstly, I express my sincere gratitude towards my Guide, Dr. Vijay Kumar Singh, Deputy Director (Law), who has helped me at every step, provided me with relevant study material for the project, rectified my mistakes, and always guided me in my research. This project would not have been possible without his help and guidance. Also, I would like to thank the officers at CCI, for being accessible for any kind of help during my Internship Programme. I also sincerely thank the library staff for co-operation and assistance during my research. Finally, I am extremely thankful to CCI for providing me with this opportunity of internship.

SHUBHANGI GOEL

i

Protecting Consumer Interests under Competition Law

DISCLAIMER
This project report has been prepared by the author as an intern under the Internship Programme of the Competition Commission of India for academic purposes only. The views expressed in the report are personal to the intern and do not necessarily reflect the views of the Commission or its Hon’ble Members/Chairperson, and do not bind the Commission in any manner. This report is the intellectual property of the Competition Commission of India and the same or any part thereof may not be used in any manner, whatsoever, without the express permission of the Competition Commission of India.

SHUBHANGI GOEL

ii

Protecting Consumer Interests under Competition Law

TABLE OF CONTENTS 1. INTRODUCTION………….………………………………………..1 2. PROTECTING CONSUMER INTERESTS….……………………...3

2.1 CONSUMER PROTECTION ACT, 1986…....…………………..…...3 2.2 FINANCIAL SECTOR…………………....………………………....3 2.3 REDRESS MECHANISMS IN OTHER SECTORS………………….….7 2.4 MONOPOLIES AND RESTRICTIVE TRADE PRACTICES ACT…….....8

2.5 COMPETITION ACT……………………….……………………...9 3. CONSUMER WELFARE AS A GOAL OF COMPETITION
LAW…….…..………………………………..……………………..13

4. CONSUMER

PROTECTION:

INTERNATIONAL

PERSPECTIVE……………………………………………………..21

4.1 4.2 4.3 4.4

ANTITRUST GOALS IN U.S.A……..………………………….........21 EU COMPETITION POLICY………………………………….........22 COMPETITION AND CONSUMER LAWS IN AUSTRALIA...……........24 OTHER COUNTRIES……………………………………………...25

5. POSITION UNDER INDIAN LAW....................................................28 5.1 CASES CLOSED BY THE COMMISSION DUE TO LACK OF A COMPETITION ISSUE…………………………………………....29

5.2

PROTECTION OF CONSUMER INTERESTS BY THE COMMISSION…32

6. CONCLUSION……...…………………………………………......39 7. BIBLIOGRAPHY…...………………………………………….…..43

iii

Protecting Consumer Interests under Competition Law

1. INTRODUCTION
Competition in a market promotes efficiency, increases consumer welfare, offers wider choice, better products and services, and contributes to the progress of an economy. In an industry where there is intense competition, often, there is a tendency, that the industry would become better and efficient. This happens because competition eliminates the poor performing products or services and leaves only good and outstanding products for the general masses to consume. This particular advantage of competition is more likely to benefit the general population, since they would have better quality products and services for cheaper prices. As there exists competition in the market, the market players try their best to provide consumers what they need. Consumers need good quality products at lower prices. If there is Competition in the market, the market players...
tracking img