Ppt on Competition Act, 2002 presented on 17th May 2015 at Chinmay Tutorials by CS Professional Students Abhishek Agarwal, Aditya Rana, Sakshi Gupta, Shreya Chaturvedi, Shipra Pareek
2. Competition Coverage
Need
Emergence of Competition
Objectives of Competition
Important terms
Anti – Competitive
Agreements
Abuse of Dominant Position
Competition Commission of
India
Case Laws
3. Means sellers striving
independently for buyer’s
patronage to maximize
profit. A buyer prefer to buy
a product to maximize his
benefits where as seller
prefer to sell the product to
maximize its profits.
4. Access to broadest range of services
at the most competitive prices.
Reduce their costs and meet consumer
demand.
Promotes allocative and productive
efficiency.
This requires healthy market
conditions and Govt. across the globe
to remove the market imperfections
through appropriate regulations.
5.
6. Competition Act is
applicable from January
2003.
This act extends to
whole of India except
J&K.
It is an act to provide,
keeping in view of the
economic development
of the country for the
establishment of the
commission.
7. - To ensuring fairness & equity in
market place transactions.
- Protecting the “public interest”
including in some cases
considerations relating to
industrial competitiveness and
employment.
- Protecting opportunities for
small and medium business.
9. U/S 3 of the Act, no
enterprises or association
of enterprises or person or
association of persons shall
enter into any agreement
in respect of production,
supply, distribution of
goods which directly or
indirectly causes an
adverse effect on the
competition in India.
11. U/S 4 No enterprise or group shall abuse its
dominant position.
12. (a) “dominant position” means a position of strength,
enjoyed by an enterprise, in the relevant market, in India,
which enables it to-
(i) operate independently of competitive forces
prevailing in the relevant market; or
(ii) affect its competitors or consumers or the relevant
market in its favour;
(b) “predatory price” means the sale of goods or services,
at a price which is below the cost, with a view to reduce
competition or eliminate the competitors.
13. CCI is an autonomous body established by
Central Government controls and regulates the
competition in Indian economy and market.
Competition Commission of India established
on 14th October, 2003 by Central Government.
CCI consists of a Chairperson and not less than
two and not more than six other members
appointed by the Central Government.
14. To eliminate practices having adverse effect
on competition.
To promote and sustain competition.
To promote interest of consumers.
To ensure freedom of trade carried on by
other participants, in market in India.
Conduct enquiry into cases of abuse of
dominant position and combinations.
