Bangladeshs perspective mumtaz hassan khaleque bangladesh enterprise institute competition policy, dominant firms monopolies, mergers, antitrust consumer concerns and matters like that may, on the face of it, appear to be of somewhat distant interest in the present context of bangladesh. The act college readiness assessment is a standardized test for high school achievement and college admissions in the united states produced by act, inc. New delhi, the 9th june, 2000jyaistha 19, 1922 saka the following act of parliament received the assent of the president on the 9th june, 2000, and is hereby published for general information. The act prohibits agreements which are intended to or have the effect of, preventing, restricting or distorting competition in the uk. Generally, an ebook can be downloaded in five minutes or less. Main provisions of competition act 2002 business education. In this essay we will discuss about the competition act and commission. The act establishes a commission which is duty bound to protect the interests of free and fair competition including the process of competition, and as a consequence, protect the interests of consumers. Short title this act may be cited as the competition act, 2010. Competition act 1998 is up to date with all changes known to be in force on or before april 2020.
Competition commission of india is a statutory body of the government of india responsible for enforcing the competition act, 2002 throughout india and to prevent activities that have an appreciable adverse effect on competition in india. Nov 17, 2009 main provisions of competition act 2002 1 0 november 17, 2009 in 1969 govt. The information technology act, 2000 also known as ita2000, or the it act is an act of the indian parliament no 21 of 2000 notified on 17 october 2000. Competition act, 2002 has essentially four compartments. A either in india, the assets of the value of more than rupees four. Salient features of the competition act, 2002 objective of the act facilitate. The communication deals with ecommerce in the backdrop of information technology act, 2000. The committee presented its report on may 2000, the draft competition law was. Prevent practices having adverse effects on competition, advertisements. A either in india, the assets of the value of more than rupees four thou. Changes that have been made appear in the content and are referenced with annotations. An act to set up a competition commission, to make better provisions for the regulation of competition and for matters incidental thereto and connected therewith enacted by the parliament of mauritius, as follows part i preliminary 1. 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.
The draft competition law was drafted and presented to the government in november 2000. No person shall enter such a combination which may cause or is likely to cause appreciable adverse effect on the competition within the relevant market in india and all such combination shall be deemed void under the provisions of the competition act 2002. It is the primary law in india dealing with cybercrime and electronic commerce. Competition act 2 of 2003 c in relation to goods or services which the minister, with the concurrence of the commission, declares, by notice in the gazette, to be exempt from the provisions of this act.
The protected disclosures act 26 of 2000, the companies act 71 of 2008 and the competition act 89 of 1998 with regard to whistle. Act 712 competition act 2010 an act to promote economic development by promoting and protecting the process of competition, thereby protecting the interests of consumers and to provide for matters connected therewith. This is what changes to the competition act could look like fin24. Two of the main features of the competition act, 2002 is the framework it provides for the establishment of the competition commission, and. Thus the competition act 2002, is an attempt to regulate the markets, the marketing and also to promote fairness in the competition where the pricing would not be deceptive as is if i may say the chinese policy, which our government and more so citizens needs to extremely careful about. This is what changes to the competition act could look like. The competition act, 2002 was amended by the competition amendment act, 2007 and again by the competition amendment act, 2009. 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.
Competition authority and the competition tribunal, and for connected purposes l. This act may be cited as the competition act, 2007 and shall come into force on a date to be appointed by the minister by notice in the gazette. Mar 24, 2017 knowing the difference between mrtp act and competition act, will help you understand the provisions relating to trade practices in a better way. Pdf notes on competition act ajay r kamath academia. Have a view as to what the competition act prohibits. Explain the meaning, relevance and features of the. Describe the roles and powers of the competition authorities. Difference between mrtp act and competition act with. The act also covers situations where there is no actual agreement, but where the actions of trade associations or companies acting together have the same effect.
Competition act 1998, section 9 is up to date with all changes known to be in force on or before 07 april 2020. Main provisions of competition act 2002 1 0 november 17, 2009 in 1969 govt. Competition act, 2002 main features anticompetitive practices, section. Curtail abuse of dominance, iii promote and sustain competition in market, iii. The role for competition policy in economic development. The competition act, 2003 provides for the setting up of a competition commission of india cci with a view to.
To provide for the establishment of a competition commission responsible for the investigation, control and evaluation of restrictive practices, abuse of dominant position, and mergers. List the penalties and other remedies under this act. Short title this act may be cited as the competition act 2007. 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. Paged competition act no12 of 2010 kenya law reports. Competition act, 2002 competition commission of india. Competition amendment act 1 of 2009 south african government.
An act to make provision about competition and the abuse of a dominant position in the market. In this article, we will look at the objectives and features of the information technology act, 2000. Objectives of the it actto provide legal recognition for transactions. Competition commission has competition advocacy role 10. The provisions relating to abuse of dominant position require determination of dominance in the relevant market. Information technology act 2000 ministry of electronics and. First 14 sections deals with some legal aspects concerning digital signature. There are changes that may be brought into force at a future date. B 4102010 w hereas the process of competition encourages efficiency, innovation. We are the leading resource for freely available legislation in south africa and are used daily by thousands of professionals and industry leaders. Essay on the subject matter of competition act essay on the objectives of competition.
Competition law expert gomolemo kekesi shares her views with fin24 on what changes to south africas competition act, which is currently before cabinet, could entail. On the place of mrtp act 1969 after this mrtp act 1969 was fully repealed. After some refinements, following extensive consultations and discussions with all interested parties, the parliament passed in december 2002 the new law, namely, the competition act, 2002. Features of competition act, 2002 the focus of the new law is towards the following areas affecting competition. Interpretation in this act, unless the context otherwise requires. Information technology act 2000, has chapters, 94 sections and 4 schedules. Competition act, discuss competition act, within the business and industrial law forums, part of the resolve your query get help and discuss projects category. Monopolies and restrictive trade practices mrtp act, 1969 was revoked and replaced by competition act, 2002.
There are three competition authorities under this act and they are. Watch as your business goals become a reality with an assist from proven crm and powerful marketing automation. Unfair trade practices omitted consumer fora will deal with them distinction contd. The information technology act, 2000 or ita, 2000 or it act, was notified on october 17, 2000.
It has defined rtp and also explained the powers of mrtp commission. It is the law that deals with cybercrime and electronic commerce in india. The competition act of 2002 was passed by the parliament of india so as to form a commission to oversee the business operations of companies and individuals in the country following fair practices of competition and economic growth of the country. Does anyone has notes or project on competition act,1985 advertisements. The competition act, 2002 was enacted by the parliament of india and governs indian. The protected disclosures act 26 of 2000, the companies act. Nov 16, 2012 information technology act 2000, is based on uncitral united nations commission on international trade law model law. To regulate competition, enable the application of council regulation ec 12003 and provide for fair trading in malta. Competition policy is part of the new international orthodoxy in economic policy and, at the same time, was viewed in south africa as a crucial element of economic transformation. Acts online provides legislation, including amendments and regulations, in an intuitive, online format. This act has many provisions to control the monopoly and to promote the competition. Detailed answer for question objectives of the competition act, 2002 as amended, the act.
25 177 261 588 789 343 690 1264 1293 854 925 1215 67 616 514 316 423 1239 1202 150 1565 1488 595 1426 1350 64 1336 1531 224 1174 328 168 581 1305 753 404 1433 1281 982 258 1185 530 96 203 211