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The Competition Act, 2002 was enacted by the Parliament of India and governs Indian competition law. It replaced the archaic Monopoly and Restrictive Trade Practices Act, 1969. Under this legislation, the Competition Commission of India was established to prevent activities that have an adverse effect on competition in India. This act extends to whole of India except the State of Jammu and Kashmir. It is a tool to implement and enforce competition policy and to prevent and punish anti-competitive business practices by firms and unnecessary Government interference in the market. Competition laws is equally applicable on written as well as oral agreement, arrangements between the enterprises or persons. The Competition Act, 2002 was amended by the Competition (Amendment) Act, 2007 and again by the Competition (Amendment) Act, 2009. == Overview == This is an act to establish a commission, protect the interest of the consumers and ensure freedom of trade in markets in India- * To prohibit the agreements or practices that restricts free trading and also the competition between two business entities, * To ban the abusive situation of the market monopoly, * To provide the opportunity to the entrepreneur for the competition in the market, * To have the international support and enforcement network across the world, * To prevent from anti-competition practices and to promote a fair and healthy competition in the market. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「The Competition Act, 2002」の詳細全文を読む スポンサード リンク
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