Competition Act, 2002
Bare 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.
In the syllabus of: UGC NET Law · UPSC Law Optional
- Act number
- 12 of 2003
- Enacted
- 13 January 2003
- Contents
- 97 sections · 11 chapters
The first 5 sections are free to read. Sign in free to read the rest.
Contents
Chapter I — Preliminary
Chapter II — Prohibition Of Certain Agreements, Abuse Of Dominant Position And Regulation Of Combinations
- Section 3 – Anti-competitive agreements
- Section 4 – Abuse of dominant position
- Section 5 – Combination
- Section 6A – Open offers, etc (preview)
Sections
- Section 6 – Regulation of combinations (preview)
- Section 53I – Omitted (preview)
- Section 53O – Procedures and powers of Appellate Tribunal (preview)
- Section 53S – Right to legal representation (preview)
Chapter III — Competition Commission Of India
- Section 7 – Establishment of Commission (preview)
- Section 8 – Composition of Commission (preview)
- Section 9 – Selection Committee for Chairperson and Members of Commission (preview)
- Section 10 – Term of office of Chairperson and other Members (preview)
- Section 11 – Resignation, removal and suspension of Chairperson and other members (preview)
- Section 12 – Restriction on employment of Chairperson and other Members (preview)
- Section 13 – Administrative powers of Chairperson (preview)
- Section 14 – Salary and allowances and other terms and conditions of service of Chairperson and other Members (preview)
- Section 15 – Vacancy, etc., not to invalidate proceedings of Commission (preview)
- Section 16 – Appointment of Director-General, etc (preview)
- Section 17 – Appointment of Secretary, experts, professionals and officers and other employees of Commission (preview)
Chapter IV — Duties, Powers And Functions Of Commission
- Section 18 – Duties and functions of Commission (preview)
- Section 19 – Inquiry into certain agreements and dominant position of enterprise (preview)
- Section 20 – Inquiry into combination by commission (preview)
- Section 21 – Reference by statutory authority (preview)
- Section 21A – Reference by Commission (preview)
- Section 22 – Meetings of Commission (preview)
- Section 23 – Omitted (preview)
- Section 24 – Omitted (preview)
- Section 25 – Omitted (preview)
- Section 26 – Procedure for inquiry under section 19 (preview)
- Section 27 – Orders by Commission after inquiry into agreements or abuse of dominant position (preview)
- Section 28 – Division of enterprise enjoying dominant position (preview)
- Section 29 – Procedure for investigation of combinations (preview)
- Section 29A – Issue of statement of objections by Commission and proposal of modifications (preview)
- Section 30 – Inquiry into disclosures under sub-section (2) of section 6 (preview)
- Section 31 – Orders of Commission on certain combinations (preview)
- Section 32 – Acts taking place outside India but having an effect on competition in India (preview)
- Section 33 – Power to issue interim orders (preview)
- Section 34 – Omitted (preview)
- Section 35 – Appearance before Commission (preview)
- Section 36 – Power of Commission to regulate its own procedure (preview)
- Section 37 – Omitted (preview)
- Section 38 – Rectification of orders (preview)
- Section 39 – Execution of orders of Commission imposing monetary penalty (preview)
- Section 40 – Omitted (preview)
Chapter V — Duties Of Director General
Chapter VI — Penalties
- Section 42 – Contravention of orders of Commission (preview)
- Section 42A – Compensation in case of contravention of orders of Commission (preview)
- Section 43 – Penalty for failure to comply with directions of Commission and Director General (preview)
- Section 43A – Power to impose penalty for non-furnishing of information on combinations (preview)
- Section 44 – Penalty for making false statement or omission to furnish material information (preview)
- Section 45 – Penalty for contraventions in relation to furnishing of information (preview)
- Section 46 – Power to impose lesser penalty (preview)
- Section 47 – Crediting sums realised by way of penalties to Consolidated Fund of India (preview)
- Section 48 – Contravention by companies (preview)
- Section 48A – Settlement (preview)
- Section 48C – Revocation of the Settlement or Commitment order and penalty (preview)
Chapter VII — Competition Advocacy
- Section 49 – Competition advocacy (preview)
Chapter VIII — Finance, Accounts And Audit
- Section 50 – Grants by Central Government (preview)
- Section 51 – Constitution of Fund (preview)
- Section 52 – Accounts and audit (preview)
- Section 53 – Furnishing of returns, etc., to Central Government (preview)
Chapter VIIIA — Appellate Tribunal
- Section 53A – Appellate Tribunal (preview)
- Section 53B – Appeal to Appellate Tribunal (preview)
- Section 53C – Omitted (preview)
- Section 53D – Omitted (preview)
- Section 53E – Omitted (preview)
- Section 53F – Omitted (preview)
- Section 53G – Omitted (preview)
- Section 53H – Vacancies (preview)
- Section 53J – Omitted (preview)
- Section 53K – Omitted (preview)
- Section 53L – Omitted (preview)
- Section 53M – Omitted (preview)
- Section 53N – Awarding compensation (preview)
- Section 53P – Execution of orders of Appellate Tribunal (preview)
- Section 53Q – Contravention of orders of Appellate Tribunal (preview)
- Section 53R – Omitted (preview)
- Section 53T – Appeal to Supreme Court (preview)
- Section 53U – Power to Punish for contempt (preview)
Chapter IX — Miscellaneous
- Section 54 – Power to exempt (preview)
- Section 55 – Power of Central Government to issue directions (preview)
- Section 56 – Power of Central Government to supersede Commission (preview)
- Section 57 – Restriction on disclosure of information (preview)
- Section 58 – Chairperson, Members, Director General, Secretary, officers and other employees, etc., to be public servants (preview)
- Section 59 – Protection of action taken in good faith (preview)
- Section 59A – Compounding of certain offences (preview)
- Section 60 – Act to have overriding effect (preview)
- Section 61 – Exclusion of jurisdiction of civil courts (preview)
- Section 62 – Application of other laws not barred (preview)
- Section 63 – Power to make rules (preview)
- Section 64 – Power to make regulations (preview)
- Section 64A – Process of issuing regulations (preview)
- Section 64B – Commission to issue guidelines (preview)
- Section 65 – Power to remove difficulties (preview)
- Section 66 – Repeal and saving (preview)