Competition Act in India

The major concern of Competition Act is to deal with anti-competitive agreements, abuse of dominant position, combination and regulation of combination. Few of these are discussed below with their specific provisions:- • Anti- Competitive Agreements:- Section 3 of the competition act deals with the anti-competitive agreements. This section also defines it. It prohibits entering into any agreement which may have an adverse effect on the competition within India. This makes them void and in contravention

THE LINK; INDIAN AND GLOBAL SCENARIO The roots of Indian law on Competition can be traced back to Articles 38 and 39 of the Constitution which lay down the duty of the State to promote the welfare of the people by securing and protecting a social order in which social, political and economic justice is prevalent and its further duty to distribute the ownership and control of material resources of the community to best serve the common good, in addition to ensuring that the economic system does not

development relating to competition law and a new law which may reduce monopolies and promote competition , is required. After 1990s India witnessed a drastic increase in international trade law. During this period there was great increase in the volume and value of trade in goods and services, in cross border merger and acquisition (M&E) and in foreign and direct investment. By passing of time restriction on foreign direct investment (FDI) were reduced. however Competition Act has come into force to

pring. Canada has system of fixing pricing of patented drugs. India fix the prices of prescription drugs on the basis of cost of the drug. Cost is the main phemomena iin the pricing policies of the drugs. Pricing is important aspect of competition law also. But competition commission is not a price control agency. However price based anti-competitive practices are important area in competition law. DRUG REGULATORY REGIME IN INDIA Indian drug regulatory regime is devided in two branches. Drug

raise prices.” While doing business in India, parties are prohibited from executing anti-competitive agreements. Generally, the agreements which cause or are likely to cause appreciable adverse effect on competition (“AAEC”) are anti-competitive agreements. However, the Competition Act, 2002 (“Act”) recognizes intellectual property rights and to facilitate their protection, the Act permits reasonable restrictions imposed by their owners. Similarly, the Act exempts agreements between exporters as

SEBI was established under the Securities and Exchange Board of India Act, 1992. Its jurisdiction is specifically related to the securities market. Its objective is to protect the interests of investors in securities and to regulate and promote the development of the securities market. Further, under the Section 32 of the Act provides that the act shall be applicable in addition to any other law in force at a particular time which implies that the powers of SEBI co-exist with and cannot over-ride

support free competition Dr Gaurav Khanna, - Associate Professor, Madhav University, Rajasthan, India. Dr. Deepak Bhandari - Professor, FDDI, Jodhpur, Rajasthan, India. Abstract: As per review on many journal, articles and bylaws we come to know that it is not an alternate for sound lawful guidance and does not take the place of knowledgeable lawful counsel required in analyzing exact problems. Competition strategy encroaches ahead all aspects of marketplace able behavior and policy. In India, companies

1. Introduction India and South Africa are members of the five major emerging economies. They are both developing countries however, they are well distinguished for their large democracy, fast-growing economies and significant influence on regional and global affairs. This report aims to comparatively analyse whether India or South Africa is in a better position to succeed in the global economy. For the purposes of this report, I will be comparing and analysing each country’s political and economic

Corporate governance: An Insight to Product Market Innovation in Competition RESEARCH SYNOPSIS SUBMITTED FOR THE PARTIAL FULFILLMENT OF THE COURSE REQUIREMENT OF IX SEMESTER CORPORATE GOVERNANCE ____________________________ SUBMITTED BY: REGISTRATION NO. – 10A069 SEMESTER - IX SUBMITTED TO: Ms. GARIMA GOSWAMI FACULTY IN CHARGE, CORPORATE GOVERNANCE GUJARAT NATIONAL LAW UNIVERSITY, GANDHINAGAR 2014 ACKNOWLEDGEMENT It is indeed a great pleasure for me to undertake

Imperializing and colonizing the world, one by one, it lead the European empires to find India. When Queen Elizabeth I of Britain granted the British East India Company a monopoly within India, it lead the British East India Company to take control of trade in the 1600s. The British East India Company used their strong military might, bribery and extortion, instilling fear by using brutal practices to keep Indians and rivals in law. Creating the world's first transnational corporation, it was produced