Common Contracts
1 similar Anti-Competitive Agreements contracts
ANTI COMPETETIVE AGREEMENTS UNDER COMPETITION ACT 2002 BY AMAN SRIVASTAVAAnti-Competitive Agreements • May 9th, 2015
With the dynamic trends in today’s extremely competitive economic market scenario, the emergence of an altogether new age of competition laws in India has been one of the utmost important changes which had been hitherto nonexistent. The factors such as India’s changed and overhauled economic policies, removal of trade barriers and all the pro-trade changes, almost instantly led to a paradigm shift in the Indian economic market sphere. This concerned the authorities as it conferred upon them a responsibility to regulate the market forces. Thus, it was necessary for the legislature to make such laws which would ensure fair competition for the benefit of consumers and smooth functioning of market, and though still not impose complete arbitrary external regulation by legislation. Thus with this view, Competition Act, 2002 was brought about after a couple of amendments after its predecessor the MRTP Act, was repealed.
