Competition Law

Lexis® Practical Guidance Competition Law

In the wake of economic liberalization and reforms introduced by India since 1991, the erstwhile Monopolies and Restrictive Trade Practices Act, 1969, which was primarily designed to restrict and curb monopolies in the market was decided to be replaced by a modern competition law in conformity with free market principles. As the first step towards modernization, a new Competition Act, 2002 was enacted to govern competition practices in India, which received Presidential assent on 13th January, 2003. The purpose of competition law is to prevent anti-competitive practices and to promote and sustain competition in markets, thereby protecting the interests of the consumers and ensuring freedom of trade.

The Competition Act, 2002 established two regulatory bodies: CCI (Competition Commission of India) and COMPAT (Competition Appellate Tribunal) to look into the macro picture of all competition-related issues across different sectors in the Indian economy. Lexis® Practical Guidance module on India Competition Law provides detailed procedural guidance on the anti-competitive practices along with the compliances required to stay away from them and on the procedure to initiate and carry out any competition case before the appropriate Commission/ Court of Law. The module also provides an insight on the competition practices in EU & UK.

    Competition Law Basics

  • Market Definition and analysis
  • Competition in domestic market
  • Legislative Provisions
  • Anti-competitive practices in India

  • Restrictive agreements and cartels
  • Abuse of dominant position
  • Combination or Merger Control
  • Miscellaneous guidelines and various sectorial practices

  • Industry or sector specific practices
  • Miscellaneous guidelines on Competition Law
  • Indian regulatory bodies dealing with competition issues

  • Procedures before CCI and appeals to COMPAT
  • Optional writ Jurisdiction of High Courts
  • Appeal to Supreme Court from order of COMPAT
  • Appeal to Supreme Court from writs
  • Sectoral Competition Practices

  • Industry or Sector-specific Practices
  • International Competition Practices

  • Competition Practices in EU
  • Competition Practices in UK