With acts you are guaranteed the latest and most up to date resource for your legislative needs. This act has been updated to government gazette 40057 dated 9 june, 2016. Monday may 19, 2014 alethnien rajab 20, 1435 somavara vaisakha 29, 1936, at 09. To amend the competition act, 1998, so as to define certain expressions, to amend certain definitions. The act is enforced and administered by the competition bureau, and cases are adjudicated by the competition tribunal. To minimise divergence between the application of the respective prohibitions, section 60 of the competition act incorporates into uk law. Law on protection of competition official gazette of the rs, no. It was in 1991 that widespread economic reforms were undertaken and consequently the march from commandandcontrol economy to an economy based more on free market principles commenced its stride. The competition act, 2002 was enacted by the parliament of india and governs indian competition law. Causing confusion with respect to anothers enterprise or its activities 2.
An act to provide legal recognition for transactions carried out by means of electronic data interchange and other means of electronic communication, commonly referred to as. Essay on the competition act, 2002 economics discussion. An act to provide for free competition in all spheres. Competition act, 2002 objective objective in preamble for the establishment of a commission to. Competition act no 9482011 chapter 1 general provisions section 1 purpose of act 1 the purpose of this act is the protection of sound and effective economic competition from harmful restrictive practices. An act to make provision about competition and the abuse of a dominant position in the market. It replaced the archaic the monopolies and restrictive trade practices act, 1969. Under this legislation, the competition commission of india was established to prevent the activities that have an adverse effect on competition in india. We are the leading resource for freely available legislation in south africa and are used daily by thousands of professionals and industry leaders. Short title this act may be cited as the competition act, 2010. Laws of malaysia 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. I this act applies to all economic activity within, or having an effect within. 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. On december 16, 2002, the lok sabha passed a bill to replace the mrtp monopolies and restrictive trade practices act, 1969 which was enacted to curb the tendency to create monopoly in commerce, trade and industry.
Competition act, 2002 bare acts law library advocatekhoj. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Act 46 of 2004 revised edition 2006 31st january 2006 an act to make provision about competition and the abuse of a dominant position in the market. Amendment of section 23 act no 7 of 1996 section 23 of the principal act is amended by the insertion after paragraph a of the following paragraph a1 fees payable to the commission in terms of the act. Unctad series on issues in competition law and policy. Prevention of abuse of dominant market position, and. The government appointed a committee in october 1999 to examine the existing mrtp act for shifting the focus of the law from curbing monopolies to promoting competition and to suggest a modern.
Notwithstanding anything contained in subsection 1, where a contravention of any of the provisions of this act, or of any rule, regulation, order made or direction issued thereunder has been committed by a company and it is proved that the contravention has taken place with the consent or connivance of, or is attributable to any neglect on the part of, any director, manager, secretary or. Both of these acts have quite a lot in common and both are here for the benefit of the consumer andor client. It became fully functional in may 2009 with dhanendra kumar as its first chairman. Notwithstanding anything contained in subsection 1, where a contravention of any of the provisions of this act, or of any rule, regulation, order made or direction issued thereunder has been committed by a company and it is proved that the contravention has taken place with the consent or connivance of, or is attributable to any neglect on the part of, any director, manager.
The newly enacted 2002, and partially implemented competition act of india marks a shift in the indian economic policy from prevention of monopoly to promotion of competition in its domestic markets as part of the new era of economic liberalization. Protection against unfair competition act 589 act, 2000 arrangement of sections. 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. To provide for the establishment of a competition commission responsible for the investigation, control and evaluation of restrictive practices, abuse of dominant position, and. Protection against unfair competition act, 2000 act 589. Act xxxi of 1994, as amended by acts xxviii of 2000, iv of 2003 and iii of 2004. However the consumers act has not been tested in court. Independent communications authority of south africa act. Act 2000 and the petroleum legislation amendment act 2001 4 glossary 5 1. Acts online provides legislation, including amendments and regulations, in an intuitive, online format. To provide for the establishment of the independent communications authority of south africa. B 4102010 w hereas the process of competition encourages efficiency, innovation. The legal bases for actions for damages for breach of articles 81 and 82 of the ec. The competition act, 2010 ca 10 is a state of the art modern law which gives the competition commission of pakistan legal and investigative instruments and powers to engender free competition in all spheres of commercial and economic activity, enhance economic efficiency, and to protect consumers from anticompetitive behaviour the act applies to all undertakings.
Competitionis a situation in a market in which firms or sellers independently strive for the buyers. Competition act, 2002, section 3 irish statute book. That the economy must be open to greater ownership by a greater number of south africans. Competition is a process of economic rivalry between market players to attract customers. We provide all south africans equal opportunity to participate fairly in the national economy. While the old act required to be polished and refined to bring it up to tackle the present requirement of regulating the trade and the deceptive practices which has gathered global dimensions ut was necessary to introduce an enactment act to provide, keeping in view. The competition act, 2010 ca 10 is a state of the art modern law which gives the competition commission of pakistan legal and investigative instruments and powers to engender free competition in all spheres of commercial and economic activity, enhance economic efficiency, and to protect consumers from anticompetitive behaviour. Competition authority and the competition tribunal, and for connected purposes act no. Act anay be called the competition act, 2010 2 it extends to the whole of pakistan 3 it shall apply to all undertakings and all actions or matters that take place in pakistan and distort compel iaon. The short title of this act is the competition act. This act may be cited as the competition act, 2010.
The competition act is a canadian federal law governing competition law in canada. This article will focus on the recent trends in airline industry and will show the tendency to enter into cartels all over the world including india. The main objective of the act is to promote fair practices and act as a forum for grievances and conflicts regarding the state of competition and economic cooperation among companies operating in india. Competition also refers to a situation in a business environment where businesses independently strive for. The competition law of india, namely, the monopolies and restrictive trade practices act, 1969 mrtp act, for brief was one such. An overview of the uk competition rules 5 when applying uk competition rules to agreements or conduct affecting interstate trade a concept which is broadly interpreted the cma and the uk courts must also apply articles 101 and 102. 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. Eliminate practices having adverse effect on competition. Competition act, 2002 competition commission of india. Scope of application of act 1 the scope of application of this act is the safeguarding of competition in the interest of free enterprise upon the extraction of natural resources, manufacture of goods, provision of services and sale and purchase of products and services hereinafter goods and the preclusion and elimination of the prevention.
Damaging another persons goodwill or reputation misleading the public 4. The competition act south africa has recently introduced two acts which came into effect on the 1st april 2011, the consumer act and the competition act. The act also covers situations where there is no actual agreement, but where the actions of trade associations. Competition commission of pakistan competition act. 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. Interpretation in this act, unless the context otherwise requires. Introduction the direct application of ec and national competition law by civil courts in spain is a recent development. For example, in october 16, 2005 honchos of 11 airlines met in mumbai to form the. While the old act required to be polished and refined to bring it up to tackle the present requirement of regulating the trade and the deceptive practices which has gathered global dimensions ut was necessary to introduce an enactment. Aug 21, 2014 competition is a process of economic rivalry between market players to attract customers.
Competition act 2 of 2003 section 7 deleted by act 2 of 2006 8. The competition act, 2010 josh and mak international. Scope of application of act 1 the scope of application of this act is the safeguarding of competition in the interest of free enterprise upon the extraction of natural resources, manufacture of goods, provision of services and sale and purchase of products and services hereinafter goods and the preclusion and elimination of the prevention, limitation or. Paged competition act no12 of 2010 kenya law reports.