junior science refresher Published this article page no 47 Subtactics are being used with the intention to eliminate competition. About the Competition Commission Of India Established under the Competition Act 2002 for the administration implementation and enforcement of the Act and was duly constituted in March 2009. Chairman and members are appointed by the central government. Functions of the commission 1. To eliminate practices having adverse effects on competition. 2. Promote and sustain competition. 3. Protect the interests of consumers and ensure freedom of trade in the markets of India. The Competition Act The Monopolies and Restrictive Trade Practices Act 1969 (MRTP Act) was repealed and replaced by the Competition Act 2002 on the recommendations of the Raghavan committee. The Competition Act 2002 as amended by the Competition (Amendment) Act 2007 prohibits anticompetitive agreements abuse of dominant position by enterprises and regulates combinations (acquisition acquiring of control and M&A) which causes or likely to cause an appreciable adverse effect on competition within India. Insta Curious How might cartels be worse than monopolies junior science refresher buy.
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