Taxmann's Competition Laws Manual with Case Laws Digest by Taxmann

Contents PAGE

Amendments made by the Competition (Amendment) Act, 2023 at a Glance

I-19

Highlights of the Competition (Amendment) Act, 2023

I-23

Section Index

I-37

GUIDE TO COMPETITION ACT, 2002 CHAPTER 1 INTRODUCTION 1.1 MRTP Act replaced by Competition Act, 2002 1.1-1 Distinction between MRTP Act and Competition Act

I-45 I-45

1.2 Consumer Protection Act, 2019

I-46

1.3 Role and purpose of Competition Act, 2002

I-46

1.3-1 Control over abuse of dominant position in market 1.4 Objects of the Competition Act

I-47 I-48

1.4-1 Statement of Objects and Reasons for Competition Act, 2002

I-48

1.4-2 Objects and reasons of 2007 amendments

I-49

1.4-3 Competition Act brought into force in stages 1.5 Overall scheme of Competition Act, 2002

I-50 I-51

1.5-1 Purpose of the Act is to ensure free competition and eliminate abuse of dominant position

I-51

1.5-2 Administration of Competition Act

I-51

1.5-3 Anti-competitive agreements and Abuse of dominant position

I-52

1.5-4 Combinations

I-52

1.5-5 Penalties and Offences

I-52

1.5-6 Appeal and compensation

I-52

I-5

CONTENTS

I-6 PAGE

1.5-7 Arrangement of chapters and sections of Competition Act, 2002 1.6 Other Provisions of Competition Act

I-52 I-53

1.6-1 Competition Act does not apply to Jammu and Kashmir

I-53

1.6-2 Competition Act to have overriding effect

I-53

1.6-3 Application of other laws not barred

I-54

1.6-4 Exclusion of jurisdiction of civil courts

I-54

1.6-5 Powers of Central Government

I-54

1.6-6 Powers of Central Government to issue directions to CCI

I-54

1.6-7 Restriction on disclosure of information

I-55

1.6-8 Chairperson, members and officers are public servants

I-55

1.6-9 Protection of action taken in good faith

I-55

1.7 The Competition (Amendment) Act, 2023 1.7-1 New Concepts in the Competition (Amendment) Act, 2023

I-55 I-57

CHAPTER 2 DEFINITIONS UNDER COMPETITION ACT 2.1 Definitions applicable to various provisions of Competition Act

I-58

2.2 Enterprises - Definition

I-58

2.3 Person – Definition

I-61

2.4 Agreement – Broad definition

I-62

2.5 Trade - Definition

I-62

2.6 Practice - Definition

I-62

2.7 Goods – Broad definition

I-62

2.8 Shares - Definition

I-63

2.9 Service - Definition

I-63

2.10 Price - Definition

I-64

2.11 Consumer - Definition

I-64

2.12 Group - Definition

I-65

2.13 Control - Definition

I-65

2.14 Statutory authority - Definition

I-66

I-7

CONTENTS PAGE

CHAPTER 3 PROHIBITION OF ANTI-COMPETITIVE AGREEMENTS 3.1 Anti-competitive agreements void

I-67

3.1-1 Two categories of Anti-Competitive Agreements

I-67

3.1-2 Entering into specified agreement itself is not offence

I-68

3.2 What is ‘void agreement’ 3.2-1 Void agreements under Contract Act 3.3 Presumed anti-competitive agreements

I-68 I-69 I-69

3.3-1 Shall be presumed

I-70

3.3-2 Agreements presumed to be anti-competitive unless proved otherwise

I-71

3.4 Agreement which directly or indirectly determines purchase or sale prices

I-71

3.5 Agreement which limits or controls production, supply, markets, technical development, investment or provision of services

I-72

3.5-1 Cartel is presumed anti-competitive agreement

I-74

3.5-2 Protecting inefficient industry is not in public interest and in such cases ‘cartel’ is permissible

I-77

3.6 Agreement which shares the market or source of production or provision of services

I-77

3.7 Agreement which directly or indirectly results in bid rigging or collusive bidding

I-78

3.7-1 Meaning of ‘Bid rigging’ 3.8 Prohibition if the agreement affects competition

I-78 I-79

3.8-1 Any other agreement which has appreciable effect on competition is covered under section 3(4)

I-80

3.8-2 No presumption that the agreement is adversely affecting competition

I-80

3.8-3 Pre-payment charges levied by Housing Finance Companies

I-80

3.9 Tie-in arrangement can be anti-competitive

I-80

3.10 Exclusive dealing agreement can be anti-competitive

I-81

3.10-1 Territorial restrictions on dealers can be anti-competitive

I-82

3.10-2 Negative covenant in case of franchises permitted

I-83

3.10-3 Agreement between Indian Railways and SAIL for exclusive supply of rails

I-84

CONTENTS

I-8 PAGE

3.11 Exclusive distribution agreement can be anti-competitive

I-84

3.12 Agreement for Refusal to deal can be anti-competitive

I-84

3.13 Resale price maintenance agreement can be anti-competitive

I-85

3.14 Agreements not anti-competitive

I-86

3.14-1 Agreements permitted under Intellectual Property Rights are not anti-competitive

I-86

3.14-2 Right for exclusive export is not anti-competitive

I-87

3.15 Factors to be considered while deciding effect of competition

I-87

3.16 Rule of reason to decide whether provision is harmful to competition

I-88

3.17 Agreement in restraint of trade is void to that extent under Contract Act

I-89

CHAPTER 4 PROHIBITION OF ABUSE OF DOMINANT POSITION 4.1 Dominant position itself is not prohibited 4.1-1 One sided contracts where bargaining power of parties is inequal are against public policy and are void 4.2 Meaning of Dominant Position

I-93 I-94 I-95

4.2-1 Relevant Market

I-96

4.2-2 Factors to be considered while deciding whether enterprise enjoys dominant position

I-96

4.2-3 What is ‘abuse of dominant position’

I-98

4.3 Unfair or discretionary conditions or prices in purchase/sale is abuse of dominant position 4.3-1 Predatory price

I-98 I-99

4.4 Limiting or restricting production or development

I-101

4.5 Denial of market access is abuse of dominant position

I-101

4.6 Supplementary obligations unconnected to main contract is abuse of dominant position

I-102

4.7 Using dominant position to enter another market is abuse of dominant position

I-102

4.8 CCI can order division of enterprise enjoying dominant position

I-104

4.8-1 No compensation to any officer of company if there is division of enterprise

I-104

I-9

CONTENTS PAGE

CHAPTER 5 PROCEDURE IN CASE OF ANTI-COMPETITIVE AGREEMENTS OR ABUSE OF DOMINANT POSITION 5.1 Enquiry by CCI on information, reference or even suo motu

I-105

5.1-1 CCI to make inquiry into anti-competitive agreements or dominant position

I-105

5.1-2 Informant himself need not be aggrieved

I-106

5.2 Procedure for inquiry under section 19 of Competition Act

I-107

5.2-1 No notice or hearing is required at stage of giving directions to DG

I-107

5.2-2 Issuing direction to DG is only administrative order

I-107

5.2-3 DG can consider other relevant matters also during investigation

I-108

5.3 Closing matter at initial stage itself

I-108

5.4 Investigation and Report by DG

I-108

5.5 Procedure if report of DG recommends that there is no contravention

I-109

5.5-1 Further enquiry by Commission if DG is of opinion that there is contravention

I-110

5.5-2 Show cause notice before passing final order

I-110

5.6 Orders by Commission after inquiry into agreements or abuse of dominant position

I-111

5.6-1 Order by Commission to discontinue agreement/abuse

I-111

5.6-2 Imposition of penalty by CCI

I-111

5.6-3 Direction by Commission to modify agreement

I-113

5.7 Other orders and Payment of costs that can be ordered by CCI

I-113

5.8 Order against any group company

I-113

CHAPTER 6 SETTLEMENT AND COMMITMENT 6.1 Compromise between enterprise and CCI

I-114

6.2 Settlement after receipt of report of DG but before final order

I-114

6.3 Commitment by enterprise before submission of report of DG

I-116

6.4 Revocation of settlement or commitment order and penalty

I-117

CONTENTS

I-10 PAGE

CHAPTER 7 REGULATION OF COMBINATIONS 7.1 Control over mergers, amalgamations

I-118

7.2 Meaning of combination

I-118

7.2-1 When acquisition by large enterprises will be ‘combination’

I-119

7.2-2 When acquisition by group will be ‘combination’

I-119

7.2-3 Acquisition of enterprise having similar goods/ services by a person

I-120

7.2-4 Acquiring enterprise having similar goods/services by a group

I-120

7.2-5 When Merger or amalgamation of enterprises will be combination

I-121

7.2-6 When merger in group company will be ‘combination’

I-121

7.2-7 Transaction will be ‘combination’ if value of transaction exceeds Rs. 2,000 crores

I-121

7.2-8 Transaction outside India can get covered if the enterprise has substantial operations in India

I-122

7.3 Summary of ‘combinations’

I-122

7.4 Exemption from provisions relating to combination

I-123

7.4-1 Transaction will not be ‘combination’ if value of assets or turnover below prescribed limits

I-124

7.4-2 Exemption to Open Offers from provisions relating to combination

I-124

7.5 Definition of various words used in relation to ‘combination’

I-125

7.5-1 Mode of calculation of value of assets

I-127

7.5-2 Considering effect of inflation on value of assets or turnover as prescribed in the Act

I-127

7.6 Regulation over combinations to ensure healthy competition

I-128

7.6-1 Provision does not apply to acquisition by PFI/FII/VCF

I-128

7.6-2 Proposed changes

I-130

7.7 Mandatory notice to Commission

I-131

7.7-1 Details of acquisition to be filed by Banks/PFI/FII/VCF

I-133

7.7-2 No notice where transactions not likely to have adverse effect on competition

I-133

7.8 Cooling period of 150 days (presently 210 days) 7.8-1 Green Channel for approval of combinations 7.9 Penalty for violating provisions of Combinations

I-133 I-134 I-134

I-11

CONTENTS PAGE

CHAPTER 8 PROCEDURAL ASPECTS OF REGULATION OF COMBINATION 8.1 Procedure to regulate combinations

I-136

8.1-1 Inquiry after receipt of notice under section 6(2)

I-136

8.1-2 Inquiry even if no notice filed by enterprise

I-137

8.2 Procedure for Investigation of combinations 8.2-1 Factors to be considered in determining adverse effect of combination

I-137 I-138

8.3 Procedure for investigation of combinations

I-139

8.4 Procedure for conducting investigation into combinations

I-140

8.5 Order of Commission after enquiry on combinations

I-141

8.5-1 Further orders by Commission

I-143

8.6 Deemed approval if Commission does not issue orders in 210 days

I-143

8.7 Effect if CCI declares combination void

I-144

8.8 Other laws not affected

I-144

8.9 Proposed provisions relating to issue of statement by CCI and proposal of medications

I-144

8.10 Proposed changes in provisions relating to orders by CCI

I-145

CHAPTER 9 COMPETITION COMMISSION OF INDIA (CCI) 9.1 Competition Commission of India

I-147

9.1-1 CCI is independent authority to consider violations of Competition Act

I-147

9.1-2 About CCI

I-147

9.1-3 Disposal of cases by CCI as on 31-3-2022

I-148

9.1-4 CCI is a quasi-judicial body

I-148

9.1-5 Other provisions relating to CCI

I-149

9.1-6 Appeal against order of CCI

I-149

9.2 Establishment of Competition Commission of India (CCI)

I-149

9.2-1 Composition of Competition Commission

I-150

9.2-2 Selection of Chairperson and other Members

I-150

9.2-3 Term of office of Chairperson and other Members

I-151

9.2-4 Vacancy in office of Chairman

I-151

CONTENTS

I-12 PAGE

9.2-5 Restriction on employment of Chairperson and other Members in certain cases

I-152

9.2-6 Administrative powers of Chairperson

I-152

9.2-7 Salary and allowances and other terms and conditions of Chairperson and other members

I-153

9.2-8 Vacancy, etc., not to invalidate proceedings of Commission

I-153

9.3 Duties, functions and authorities of Competition Commission

I-153

9.3-1 Competition advocacy or culture

I-154

9.4 Commission has powers despite other laws

I-154

9.4-1 Acts taking place outside India but having an effect on competition in India

I-155

9.4-2 Commission can enter into arrangement with foreign agency

I-156

9.4-3 Engagement of experts and professionals by CCI

I-156

9.5 Reference by or to statutory authority

I-156

9.5-1 Reference by statutory authority

I-156

9.5-2 Reference to statutory authority

I-157

9.6 Issuing regulations by Commission

I-158

9.6-1 Procedure and guidelines for issuing regulations by Commission

I-158

9.6-2 Power of Commission to issue guidelines

I-159

9.6-3 Form for issue guidelines by CCI

I-159

9.7 Finance, Accounts and Audit

I-160

9.8 Furnishing of returns, etc. to Central Government

I-160

CHAPTER 10 DIRECTOR GENERAL, SECRETARY AND OFFICERS 10.1 Functions of Director General and Secretary

I-161

10.2 Appointment of Director General

I-161

10.2-1 Powers of Director General to investigate contraventions

I-162

10.2-2 Earlier provision regarding powers of DG for investigation

I-165

10.3 Person can appear before DG through Advocate

I-166

10.4 Secretary, experts, professionals and officers and other employees of Commission

I-166

I-13

CONTENTS PAGE

10.4-1 Salary and terms and conditions of Secretary and other employees of Commission

I-167

CHAPTER 11 GENERAL PROCEDURES BEFORE CCI 11.1 Functioning of CCI 11.1-1 Commission to regulate its own procedure 11.2 Meetings of Competition Commission

I-168 I-168 I-168

11.2-1 Coram for meetings of Commission

I-169

11.2-2 Types of meetings

I-169

11.2-3 Time and place and agenda of meeting

I-170

11.2-4 Attendance at meeting of CCI

I-170

11.2-5 Special meetings of Commission

I-170

11.3 Appearance before Competition Commission

I-171

11.4 Procedure for proceedings before CCI

I-171

11.4-1 Requirement in respect of Information

I-171

11.4-2 Signing of information or reference

I-172

11.4-3 Submission of information/reference

I-173

11.4-4 Typing and copies of information

I-173

11.4-5 Fees payable with information

I-173

11.4-6 Inspection and copying charges

I-174

11.5 Confidentiality of Information

I-174

11.6 Procedure after submission of information/reference

I-174

11.7 Hearing before Commission

I-175

11.7-1 Authorised representative 11.8 Procedure for conduct of enquiry

I-175 I-175

11.8-1 Determination of Cost of Production

I-176

11.8-2 Procedure for imposition of penalty

I-176

11.9 Order by Commission

I-176

11.9-1 Publication of order of CCI

I-177

11.10 Powers of Commission during proceedings

I-177

11.10-1 Commission has powers of Civil Court

I-177

11.10-2 Power to call experts

I-177

11.10-3 Power to direct production of documents and information

I-177

CONTENTS

I-14 PAGE

11.11 Orders of Commission and its execution 11.11-1 Issue interim ex parte orders 11.12 Rectification of orders

I-178 I-178 I-179

11.12-1 Meaning of ‘Mistakes apparent from records’

I-179

11.12-2 Mistakes that can be rectified

I-181

CHAPTER 12 PENALTIES AND PUNISHMENTS 12.1 Penalties that can be imposed by Commission

I-182

12.1-1 Penalty for contravention of orders of Commission

I-182

12.1-2 Penalty for not giving notice u/s 6(2) of Competition Act

I-183

12.1-3 Penalty for failure to comply with directions of Commission and Director General

I-183

12.1-4 Penalty for making false statement or omission to furnish material information

I-183

12.1-5 Penalty for contraventions in relation to furnishing of information

I-183

12.2 Contravention by companies and firms

I-184

12.3 Lesser penalty if full disclosure made, in case of cartel

I-185

12.3-1 Conditions and Procedure for imposing lesser penalty in case of cartel

I-187

12.4 Procedure for imposing penalty by Commission

I-187

12.5 Compounding of certain offences

I-188

CHAPTER 13 APPEALS 13.1 Appeal from order of CCI to NCLAT

I-189

13.1-1 Appeal to NCLAT

I-189

13.1-2 Who can file appeal

I-190

13.1-3 Time limit for filing appeal

I-190

13.1-4 Pre-deposit for filing appeal

I-190

13.2 Orders against which appeal can be filed

I-190

13.2-1 CCI is a necessary or proper party before NCLAT

I-191

13.2-2 Appeal cannot be dismissed if no Pre-deposit of penalty but stay stands vacated

I-191

I-15

CONTENTS PAGE

13.2-3 Hearing and order by NCLAT

I-191

13.3 Procedure by NCLAT

I-191

13.4 Powers of NCLAT

I-192

13.4-1 Procedure before NCLAT are judicial proceedings

I-192

13.5 Review of orders of Appellate Tribunal

I-192

13.6 Contempt proceedings for contravention of order of NCLAT

I-194

13.7 Overview of NCLAT

I-194

13.8 Procedure for filing appeals

I-195

13.9 Execution of orders of Commission imposing monetary penalty

I-195

13.10 Punishment for contravention of orders of Commission by criminal court

I-196

13.11 Appeal to Supreme Court against order of NCLAT

I-196

CHAPTER 14 COMPENSATION 14.1 Awarding compensation by NCLAT

I-197

14.1-1 When application can be made before NCLAT for compensation

I-198

14.1-2 Proposed changes in provision relating to compensation

I-198

14.2 Compensation in case of contravention of orders of Commission

I-199

14.3 Procedure for filing application for compensation

I-200

SUBJECT INDEX

I-201

DIVISION ONE : COMPETITION ACT, 2002

TEXT OF COMPETITION ACT, 2002 AS AMENDED BY COMPETITION (AMENDMENT) ACT, 2023

1.9

COMPETITION (AMENDMENT) ACT, 2023

1.91

DIVISION TWO : NOTIFICATIONS 2.1

NOTIFICATIONS

2.3

DIVISION THREE : RULES & REGULATIONS UNDER COMPETITION LAW 3.1

COMPETITION COMMISSION OF INDIA (GENERAL) REGULATIONS, 2009

3.3

CONTENTS

I-16 PAGE

3.2

COMPETITION COMMISSION OF INDIA (DETERMINATION OF COST OF PRODUCTION) REGULATIONS, 2009

3.33

3.3

COMPETITION COMMISSION OF INDIA (RETURN ON MEASURES FOR THE PROMOTION OF COMPETITION ADVOCACY, AWARENESS AND TRAINING ON COMPETITION ISSUES) RULES, 2008

3.35

3.4

COMPETITION COMMISSION OF INDIA (LESSER PENALTY) REGULATIONS, 2009

3.38

3.5

COMPETITION COMMISSION OF INDIA (MANNER OF RECOVERY OF MONETARY PENALTY) REGULATIONS, 2011

3.45

3.6

COMPETITION APPELLATE TRIBUNAL (FORM AND FEE FOR FILING AN APPEAL AND FEE FOR FILING COMPENSATION APPLICATIONS) RULES, 2009

3.56

3.7

COMPETITION COMMISSION OF INDIA (MEETING FOR TRANSACTION OF BUSINESS) REGULATIONS, 2009

3.62

3.8

COMPETITION COMMISSION OF INDIA (PROCEDURE FOR ENGAGEMENT OF EXPERTS AND PROFESSIONALS) REGULATIONS, 2009

3.67

COMPETITION COMMISSION OF INDIA (FORM OF ANNUAL STATEMENT OF ACCOUNTS) RULES, 2009

3.77

3.10 COMPETITION COMMISSION OF INDIA (FORM AND TIME OF PREPARATION OF ANNUAL REPORT) RULES, 2008

3.96

3.11 COMPETITION APPELLATE TRIBUNAL (TERM OF THE SELECTION COMMITTEE AND THE MANNER OF SELECTION OF PANEL OF NAMES) RULES, 2008

3.104

3.12 COMPETITION APPELLATE TRIBUNAL (SALARIES AND ALLOWANCES AND OTHER TERMS AND CONDITIONS OF SERVICE OF THE CHAIRPERSON AND OTHER MEMBERS) RULES, 2009

3.106

3.13 COMPETITION APPELLATE TRIBUNAL (RECRUITMENT, SALARIES AND OTHER TERMS AND CONDITIONS OF SERVICE OF OFFICERS AND OTHER EMPLOYEES) RULES, 2010

3.113

3.14 COMPETITION COMMISSION OF INDIA (TERM OF THE SELECTION COMMITTEE AND THE MANNER OF SELECTION OF PANEL OF NAMES) RULES, 2008

3.123

3.15 COMPETITION COMMISSION OF INDIA (SELECTION OF CHAIRPERSON AND OTHER MEMBERS OF THE COMMISSION) RULES, 2003

3.125

3.16 COMPETITION COMMISSION OF INDIA (SALARY, ALLOWANCES AND OTHER TERMS AND CONDITIONS OF SERVICE OF CHAIRPERSON AND OTHER MEMBERS) RULES, 2003

3.127

3.17 COMPETITION COMMISSION OF INDIA (DIRECTOR GENERAL) RECRUITMENT RULES, 2009

3.130

3.9

I-17

CONTENTS PAGE

3.18 COMPETITION COMMISSION OF INDIA (OATH OF OFFICE AND OF SECRECY FOR CHAIRPERSON AND OTHER MEMBERS) RULES, 2003

3.133

3.19 COMPETITION COMMISSION OF INDIA (SALARY, ALLOWANCES, OTHER TERMS AND CONDITIONS OF SERVICE OF THE SECRETARY AND OFFICERS AND OTHER EMPLOYEES OF THE COMMISSION AND THE NUMBER OF SUCH OFFICERS AND OTHER EMPLOYEES) RULES, 2009

3.135

3.20 COMPETITION COMMISSION OF INDIA (NUMBER OF ADDITIONAL, JOINT, DEPUTY OR ASSISTANT DIRECTOR-GENERAL, OTHER OFFICERS AND EMPLOYEES, THEIR MANNER OF APPOINTMENT, QUALIFICATION, SALARY, ALLOWANCES AND OTHER TERMS AND CONDITIONS OF SERVICE) RULES, 2009

3.162

3.21 COMPETITION COMMISSION OF INDIA (PROCEDURE IN REGARD TO THE TRANSACTION OF BUSINESS RELATING TO COMBINATIONS) REGULATIONS, 2011

3.176

3.22 COMPETITION APPELLATE TRIBUNAL (PROCEDURE) REGULATIONS, 2011

3.214

3.23 COMPETITION COMMISSION OF INDIA (COMPETITION ASSESSMENT OF ECONOMIC LEGISLATIONS AND POLICIES) GUIDELINES, 2017

3.218

3.24 COMPETITION (FORM OF PUBLICATION OF GUIDELINES) RULES, 2023

3.224

DIVISION FOUR : TRIBUNALS REFORMS ACT & RULES FRAMED THEREUNDER

TRIBUNALS REFORMS ACT, 2021

4.3

CONDITIONS OF SERVICE OF CHAIRPERSON AND MEMBERS OF TRIBUNALS, APPELLATE TRIBUNALS AND OTHER AUTHORITIES

4.22

TRIBUNAL (CONDITIONS OF SERVICE) RULES, 2021

4.26

DIVISION FIVE : CASE LAWS DIGEST

CASE LAWS DIGEST

5.3

HIGHLIGHTS OF THE COMPETITION (AMENDMENT) ACT, 2023

T T S EN G NM NNN N NR N NTN T C N N I N V I N E O O O O O O = O I O O ! E I I I I I I I OM TOO E T ! T T T T T T E P E R C I T I N B M C C C C C T A T N F V E E N ME ENI A E E= R ER E EYE N W O E E T O S S S S S I N P O C MD E I G A V C E I ; ; ; T B I CR I V T AN A P; IE M; AS N B T ' I O C O N S N N I M F S T S H D E T I LE F O N E F T O U MN O Y OI C $ T R N O RE S CT I N OF I Nn ; O P A T HC YE T OA E C E R T E M E F I I = C A A 00D C= T S N M= O E TS IF W S M O N U O T E N E ; I O O T N ! YFA S I R E N S O Q # E T ! T P B N O BO O E G L A N O M E O N N H I G T E O R O P T N N T M I T I R O O DN I N G I T T G B C I A E I G I S N T O I N C U EED T D A T GN R S A S N T S A N A S D E S C C O A I C O I E I N A E L N A S S I S E V E E l R G L B I ! E M I T O E ; G A A T S V E Z O B I R C T N M V ; I A M I N P D R R C N N M E T E R I L S I T D A G N I P E T O I S O O O T S E A SE E T N I O C F HI N ; I O P N; R D C S T A E Y T T I O M VI I C # T S E I U T N I O S T T PI = I I WE N F S T O T LE I N PO A S NO O M N I H D S S O MO I L A I E O I N T M CN E V P I T Y P U I I I V OP I E MN T R O T EN O S N O S = M D W T N O S C R E I N C RE R S ER T C N RL A N AO E O P! VU SE P O I I N N S R T A T T O A P T ; R O I B I N T A O T O T A N R A NC TAB FE M = S# !R I Y H N N B F C O N E I N O C ! S # E I I OO P E BI LE UE I ! R M F S H E V !TV TS D S I A S V R B M F S A O = S S C T T C H O ; E N O F R O O F C H N U M E O T E N E N H T!S A D D R O R E O O C N OS TD P N D D N R I P E E 4 O S FD =U C TT S I EN F TO EE TI ; C T O AL F EF N E I F U C C T A D T N ' N S ME M O R PO= E F O A EEN N C L C N I A E E S DMM N E PST N OA lH RA SH NN V S T O " D E O ! I U G I L S B O NDDN I O H H N U EI R AT A D S S AR E T T E I U B O EN H G N P R U B C I D T T NA N C V R N OO L V N! !O U O P OD TEG ME E EE TO I N R N S N C O R N R M D M TDO !M E A ! OO F MH O; I R P Y N T M M N C O RT IY I E $ L L N A A S " B T P E B TL X NC RT N! D S OS AC = TAT A E F F A N N I N N O E A O M OT =N N! OEM =S E C = % EY F ET ES LG OR I E I Y I E H E N TL T T I E D T ; T Y A AN SE ML I M M S E O P E M B C N M O N R C D T43 T M B M A E EO K L EN OH E I DA ME A O' A I L E = S P = R T N J E L E P M T N $ W E E T C D N O ! N C B O T R V A R X T EP SE M OO E E O F U EG= RO 0 A EN L E S NS O # C 3 O V S H $A " %S 0A 0T O; MA # EI ! H T S L T I WC T N ED ER P E E HN HP OS E 4! (;M 4A C -

before

I-23

New Concepts in the Competition (Amendment) Act

Explanation (ii)

after

4 # ! 4 . % $ . % ! . / ) 4 ) 4 % 0 / # % ( 4 & / 3 4 ( ' ) , ( ' ) (

) # # A I D N ) F O N O I S S I M M O # S N E O G I T N I T A E H P C M R O O N # I M Y B Y L S E E V N I T I L A E R A D= I " P U M G O FN C O O R I ET E UC H E T SS S ) ; /

R EGN N E E T O NI O O A P P I I T T T MC M M I R 3 T E E RS O O E O; L G P # # A F R n F M RI S F E T O S R O OE T N M E E N #T = E T S # O T N EE N YC M HB P O O B ! R I O T N D I T T D U T R C FO N C P E NN NE O A O E OT I S Y OVC EO G S ; T O I ; I I T T MS N S 'A I N R I T N E I S EE W N C E P P O I L HD O E O I I UM /H T L CN L V I M Q S S U O E D CO nWA O CE F E NN A# P I R B F S E O O R O T O A G R I I T N UI BN F A T S A D A TT E N L E EC E L N D UEP V ON HS N I I I CPM T T M G E M T I I FG AA ROO T O S O R E E C N O C D S I F AA D P F B N EH M YNOT = S O O CONC DC I MI O I ATO! D T C O I C C NE C E T CE OF AS I O T N F S O V N E ; O MI EP F D A NOI VO T ON AO T F F AR C RT O O HP TPE ! O N I N N NT ONDP OT O N A E = = A I O O N M T I T T T O T I I MA H I M I T C C T O YT T T I I ! B ! AA E NY# R I B L T O R C G A P I F S E IN IN UL E S H H L A M P G O S VO O OO OI I E EM OOP RI T T 2 C M RI 0T A #'A E O 0T N # ST E I C H T! 4 ) abuse

E )F SG S= ST ETDGI Y NSNDHS #O A L R HN H N N D E O O G I A A I I HI #S ET 4EUITI U T F T S Y C V T P T I F I = C O S N F E T T nMO T A ! C H O I I O I S R E R N O T E ESH E I T T M H C M I P C O S N P EENO O S E I S I R MS MSTDEO R R 3 R E A V O I G N P S N T O E I O H O I AH L I T ORN O L T #M R Y #T Y A I IIE I A E @ YT T P T W B W EWC S CNC N NPB M I S E O A H N E E AI OS B MR D TH DO4S PNI C E NDMOE T E# RU OT M F R L E I H C T !F OEO#T D M@C BLESEE T S S L D N EO S I NIC SI AA!MW ; N HY A I OBREE M I N H N E T O D I S H U O H NMR T T OM YT A FN NO I OTF I T O ES R B A T D T E I I R O N O N T I O R D I S C I EE B! PE ES T F O H #R S O R E V I E I S O OSMS H R L PA E I M OT L T T RI E N A R I EO N H M S C N M U L F PTE F O W T M! OO U AE I L O RARP M I T L I O IG T I NR#I T OHGRD U E N W T N C E N !TEWO#H R OE EE N7APA E # C T I P S I A R E V !HD T S E V N O C T M R S BN A FNE FEM I O ! E H E R ONHO R O A TI I O 4 A M H T D 4 E E R TO T # N T N T E I N KA H F M L O T N O F UC NNOE T NNI P NO O S O O ) N S C O I F AB ; I M NT OT DO R I OA # E L NOI T I E D B O E ) T MPT T CE F TN #CPI C E Y TEC N R R O N I ETR I #SI E NONP E R N S O O S A A R U I PO MA ACN Y I R NT PR EHX RBW E I O F A ERI O D O C P I E T I I DO C E AU N#EC D=P T D I NM DM S Q E A N V NUYDS LN M R OONNU B N R T S ) D OT A D A O I T I E ARU EC N RI S R F E N F D S E T I S D E ! E PS T O O G O O I R S E C N D E N U N C N I E TO E I N D N N N R T N T E I E P O F D I F F O T C AI OT OI S O MU ' UR F NTU O C I EI SET E DD E T S S O S S U H I N A SNB R S AE RD S S ; G T E T I E A I C O UT O E M S N S E N I S ONAR N T MCB MP SE EI F I IR C DIOE NR O CO N ITR L E E M M M E N M I C E L E E A V P R TO E DO F L T TR OE O F I C UEN EDON P I N #BWQMI !DBAT O## /A $I I Implementation of Competition Act -

I-24

Overview of Competition Act, 2002

culture

Purpose of the Act is to ensure free combination and eliminate abuse of dominant position and thereby protect interests of consumers

NOO T FNRNS R N RT R E N E E E O MOO H C C ES ATT OMT D SI EA ! ! C!4 4 T DOIAF I O T T N T N = BPC NS I C #O D!E E N ! UAE U N H H O , IO SN! M S S N A A T T I S D I P N N# S I E T HCO ORNFNF F S V I I O O O O O I . O I I T F I ON YNT I F DT A I T S I RA I R OT C S NNEYS MCR I P N I I E E I E U U M R S I FF N O O E I FM T S P C ;QSP BO C T I O O S W S N N I TEA I #NO MM MP ONI T ND N PCD FIP OR O OI C E OF S M C I D # E E S I H O OO T E EM T OO F B E OCNNGS N N T O R E N R E E # O U E H E I M N I E ES E R E I S T R I A OE T T D V B V S T UNUYF YNS RD C C RN I AB A RO I ROAM HN E O R WDI H O! T E ! U URH TU S T CE O N S S T N S R E I OD CQ QOSMC H O NR ET N O N I E N CNNR !D D I N I T I I O#E R DAO0RO T I R E AAF C G I N T O E=T E Y T HO I SO AN U A C G CET H R A L . T EN!CFE D NITE T L O F I U A L U OEN!S N B N I B O L E E Q S I O AT A R T HR T C MN!A O PI S T C O C V T T E C DC O I I P L N C W E O O F L T E U ! N! R F I ! S O E R C ! N R O S E O A ; W I I L F T L NS A nPT S RE NO SN F C N R Y N S O H S O T E O R O ! I E R O A T O F O N N N I I E H T I I I T T 3 P I E O O S U T S I NFT 4 WT C N I I L T A C S M Q EL T S OOOC I E OE T I E I ! I A S I N S 4 E C P T PP V T I I EC A !! S M GNRW O N I M R T SM TR M T EM E OEN R I , O C N S G N O D O E S I P I (O O D # E U # T E R I T O H N I S Y N ##VT A DAROI . M T E E T U T S E T F E S E N N L C V E H DNCU nH I PNI A EFN OI E M !T I G R O R T T N R E N C S M O I E N F F O O F T U M I NO E L O F 5P A F OT E O ND L 0 O M I R E = R TIO I E#UO R WP L R B n T # O P D M I O A E U T N NIEE D C HSY O L E N N N D L OEIL C D O T E R B F C PO E E O O A I L I I I E R L F T I I A I I C S R C IC U MT R T T B A F O T T S E O E C C C I Q I ENP N OE W EE V R A U E0 N S CI M!; #S BS O OSS A I S suo motu

Combinations

D N O A T

5 O O O O T T O T T O T ! T

I M O D S N FN O O O I S I EA T S I S UN M I BB M !M O SO A # T # I F N D O EF N S MO ) T I EN F N O EO O D D L I R I A T N U T N C G R A ! A O N E !L I Y D NU S U N C E N S G I A A E I & ' A C M D R T L S A O T R D M N R O E V A N N T N #A D O S U U S C ! # R FN E O B U E O R C I O R N N I Y NO O W $ O C 4 E I R ! T I I O O A I T T N E N I T TS I 0 F S I O A T T E E I O I A L I E E C L L B L S S T P M I P P L E N E E E C A I H T I I A L P S ON M T T N M N E P I R RA O U U E O I ! 0 0N # $ $ 0 # &

Section Nos.

Title

) ) )

Chapter

4 # ! 4 . % $ . % ! . / ) 4 ) 4 % 0 / # % ( 4 & / 3 4 ( ' ) , ( ' ) (

I-25

! ) ) ) ) ) ) ) ) ) ) 6 8 ) ) ) 6 6 6 6 6 )

culture

Anti-competitive agreements and Abuse of dominant position –

suo motu

Penalty

Appeal and compensation

Arrangement of chapters and sections of Competition Act, 2002 –

W O L E B D E S S U C S I D E R A S E G N A H C D E S O P O R P D N A E D A M S E G N A H C R O J A M E H 4

Major changes made and proposed in Competition (Amendment) Act, 2023

4 # ! 4 . % $ . % ! . / ) 4 ) 4 % 0 / # % ( 4 & / 3 4 ( ' ) , ( ' ) (

TE FD ON DE E O T E EV OO R KP I T I C T P RA N DS U C A C ; S A EI OI T L S E I P C T T ME F T M R S F E I U E N R O B DMU TN I U C F OOO NN S E # US R# O E T I DN; DI ES N E I I O T N B I T EN V M RE O N R L O PE E E N I E EII T H R V E R I S C TH P T A E W P E I T N F H; R BE U F AT P E P U 3 VA S S S M S I H ET N E A R L S OD O H H P I E I #N E R 4RE T T A = I R E C H C N T DU I D C N N NS F! 4 E A E E S E AN= ! N O U E R D I , R L E E =E F N P D O NP # N H N A I T AO OA. I T I P L O D T A RRI M E CNL E B R NN E O AA VE S ; OE # CN= T NOA I U D T E L F O T C AM Y EOM O HB C EO O I R T B S ! R T S W R E R R ; N N 4 F S A S B S I S O OC P A E E @ NE EI CR I N V H S S T I LE I N EI FOA T R V A S A L O L C PEE R L O UX O PR RBF RTE NEEM E P O M C P P T O EF T O T P A N E O R F V I G N Y ! T ST F OE O = C #N EAN I = I I E N L E V O I R FHI I OD @I ) P F B = O F T I S N U N E O#T I AO Q@ S V DC#C SO OE I P E E O S N N T N R S F C O R ENAF O OC NE P L V E N I I E I R I E T T O ; I E S T OE I I R D S I RN DN N R I N N OM I O T UA T T L O EC I IT N C ) F F F I U O F C O S EO E E E OE YR RFI NB S CD $; $@ OV 2BF R ) Explanation

S MN O OI S DI FV O O R EP S ; UO BS !A L D S NE AC =I V R NE OS I @ T E C ED S U ; L SC T N N I EO MT D EE EN R G E AD EA VO I R T B= I T = E P N MO OT I CC IE T S N ; !NM O OR FI O T F I ES E GO V AP I R T T E C N VA E F ON F #I E

S A H T I W O . D A O R B Y R E V Y A W Y N A S I = N O I T C E S ; S N OD I E T N A NE I D B A MO R OB #R FE O H T ER GU AF R E N VE OE #B

SEE RAEE NT E R P OEO HMBB T CSR OO M S A E T T NACO G HL I # DE R WA ET NO MSA OS NAOD I T P T O H RO C I S M T G OR AI E D A O S EE RPR R NRP E T E D AGUR GTF D E N R C R RS I E S T I E ! I NI NM F YTSI D O N NOE T EO CNO AVE I B N SC T FE EI OT IC L O OE B T RXT TE ! E I B EA A S P I UHNDO U T L S ET LUMN O A QOE VLI TSE AC O V T A#M FOAPA R I Y MOD T YFD R NN R A E NON O OC GPM VA E L I TO ER M T A C R A YM SON! F ! NN F O E I I A D A D T B N C U E N MFRO L E R O I O C R S T I OO I T N E R T CNE I O I T F T E OGP C T E EI E vD R ! N P BT I M E OR M LS L I T I O O O M I T U N # C WQ T # E A E C F NCI M S S E O NR OAR D A I I HP= T I T R N RD E T S I N I I WE M F T U D = R ED Q NN! OO D CNEO ET E O AI ;NF I I NT N UC I YTAC O LE ET N C A I R ET NE OMO FS I 6D I I h !NO AN T ;T

Explanation d vide

vide

I-26

6RPH 'H¿QLWLRQV EURDGHQHG

6FRSH RI $QWL FRPSHWLWLYH DJUHHPHQWV DQG $EXVH RI GRPL QDQW SRVLWLRQ EURDGHQHG

&RYHUDJH RI µFRPELQDWLRQ¶ EURDGHQHG

7UDQVDFWLRQ ZLOO EH µFRPELQDWLRQ¶ LI YDOXH RI WUDQVDFWLRQ exceeds Rs. 2,000 crores

T F RRFHN S S T I B O OEOC A D U HUN N O E RN V CST SE I E M I HA GUNFL H D C R L OIE WU N D U E I NR ON ET GI E ESE M O N C R I S I S T M E E T I C R A S O R N V A T PHYE! R O O N RDBS I I CEB E N T O E P I EDT UTS O T T T ME I E N E D T ! I I EAF OP T C DGD M EMI E C Y E A HG EYO E P GAI T NC LP M N F S FA A S AMI ;O I N O HNT OS DMES# A T E C O EABR S N T R I R Y E I C R D S E T E O E T I E C R E D VOARV E F R R F ODMC GAAI S D O CES E NSUEE N Y G Q E A T A TR O R L R S N E R I B R I T GEA E ATI I I = A E S D N D LMDS T EDOV L I I N I E S I HNTDU WF)2EI F BTORAS O E I S B N C U T LI AO S ES DOO ADWL SI I RSET D N ND EOBA E N T DE A NN NRPAP OCE ) I)ISIN I U X C B O A S T EC D EO EQ EA A H O DN N R C R DE) NPT I ) P R I E S O O E # D S E P T F KPI TRT NTI U N A # O P A U A A C OT A O S SATD FOS TA A C N SS C I O D I E N M V N! !HD OE NA I POO O N T R N I N N I R R I I R IT S O) T S H O O P U F A U I I I I F S T N Q T T U D R M I A I I I T QCBOT E L N T A E E E CAA NAS I E G U P P A I B G E K L W T L A R MMR YNNAM O T I OOO A AVOC MF NE T FA F#! ) !BS A#CM I

L R SS D DEE A I E P R E EDD S E O A R CAR N OR T I U O R O C U OPG I DMS E A O Q T F R EES R C I R NPF A A C$ B OFO I N A G L N I F P O ENP N T O T O A I P E A LI E CO= A T A B C D N B I U V D R LO SNS S C P A E Y A O T ED PRE L O I E H T P X T ON A S " N A E P D S EY TA NDE A OI R S A I F HRO EB B)M R O E T E S RL M#A T 0 E # A R P RF ; U V ! O A A GOA L T O EEC A L= NCI L R D V O I C E SD MR L REP F O N U P II T I ET N D O )O A N H $ N= DY #4FT ON I A O F E F O N I C O O M C T M A S F N P E S Y N SEDOAY S O MO I ; A I DR A S EI T D S AAN D S O O XT )M Y I I M EC "T A E I LS D E S A Y ; I N M R BB U S ON E O O I T I N NQT NI T H # A OCCT EM I A D C I E N N GI T W E I S R O TL NA ; H C I O N D OI NF E T T UI I AE I = T DT R BTNDT W B O E A A N G E N I I P NME T R ME NR I A C O M AS M B S M N CE O Y N MCUIEE R R TP A # O CBBE OO N I DFT C OMOR E T G R C D O IE FE MW A E D C O O R G S V NL LRO EE I R T E RE R T A E I T A E E H C M VMN U VB D T D E O Q E E O F OR N R RFM FE F RE 'A U PO O RO F

O SDEN H I W T EHO C I I T O M DL T H T A EE EA W T N B E R I H S E B D NDT N S E O@ M S E I O NN T I D I B O I T C N A L C A E !L L l I S N E P I W NH B NX RTO T OE EI M E D I S I = R N S T O A A S C C U I L S EN C O S EDME T E O CR MDN N DT I I IO T NO O NA U O I A AN I T NQ#C T C E P DI ER = F E N I EB L S M S O; DM P I I E S NO G E L M S X S A EC I N E R I N I MF SVUMR O LI O O A AO DR T CMA RC S E EPF E NE L E P OH N ES L S EA lA/#G E; BC LR EN GA U I = H E I T N F V T EI R H N I S E VA T DG AI I T R T AR ER RR U L AF HE I NLE GC C R OlT ND O F E L AE A T NI TU NN I C OI RDCF B S E T T I I N CNS T NR O C O DA; C ES EI E T N S T L M S E lN I A A R I N E FX VA C P I I R O O A C R E E L L R E PlP SE VL l T F S NR I OU OE FUPR 'F I SD )SAC I I V V OO RR 0P

4 # ! 4 . % $ . % ! . / ) 4 ) 4 % 0 / # % ( 4 & / 3 4 ( ' ) , ( ' ) (

I-27

7UDQVDFWLRQ RXWVLGH ,QGLD FDQ JHW FRYHUHG LI WKH HQWHUSULVH KDV VXEVWDQWLDO RSHUDWLRQV LQ ,QGLD -

i.e.

void ab initio

Regulation of Combinations -

5HOD[DWLRQV IURP SURYLVLRQV UHODWLQJ WR &RPELQDWLRQV

proviso

*HQHUDO ([HPSWLRQ IURP SURYLVLRQV RI µFRPELQDWLRQ¶ e

but before consummation

Cooling period reduced to 150 days

4 # ! 4 . % $ . % ! . / ) 4 ) 4 % 0 / # % ( 4 & / 3 4 ( ' ) , ( ' ) (

RON ENY R OI EB LO A I V SO T D I E F C G T S E R E R N S U A S I S OE HO; I S S0D T CI FNN A I S T L O G N U O U NIF NO= E G I OR T EFT ! I A TON 2IL I E & N S U N I M O ) G U N O I " T T E I QOS T A R % CI E C T N 3I RE AU V E S N B OT ; P R I I T T MS E E S YN ) P O V L A # I P C ) T S S # PL OI A A AA T N N I A TC G R O EN I O E I D G T I NNT A I L T N N S A ONA ) I AL DI) U F HE &Y CRQO N CR XSCN I OL O ENAO I BG T O S I E I A UE KS HS T N0 CV IT I A I O B Y# ODM T S RNM MB R A YO OT NP O N CI M K # O @ L O N I O F I N C R R A O S F O E S SA" I F DII T NF F L EMT R OI A /T O I PME S T CS I N OP N V = EM#M OAE E V P O RNN XO# /E 0l) T

I-28

)RIN O T #F R E E #TP V N MO AEO ' I M# D F NY O E = O ) R L S FP O E O F M E E Y NEB O OTS I P L S EAP S I CWM MC E AH M E C MT O I R R H OO E F #NWWE NE V NA YI S E OC T I I HC R T Y I E PTF ER T SF E PHESE T 4 E M NLN O ONENI U O F #I S O I S V ) S FI T# O O N R SMA#P T R ML ; E A U = I BOS D M#NN O E ) ER N C O MO SFT O I F DEANC E NBTOS C I ARA ; S A S R NERI E OPOML I SPR S R R AAMA E T PO EOE RN Y#T I N A ONE N HA OM WI #C TT

5HVWULFWLRQV RQ &KDLUSHUVRQ DQG PHPEHUV RI &RPPLVVLRQ after retirement

R OHNDE T COEI N L UITR T I U I A T YST I E E G R T I P S N U I BE M QMO UH NR S4 I O#S GF C NREI H L E I = T PTA N T C R O UREI I DODN A T NFNI C S ODUD I CNRR F I AO OMT NT I WOO )CY RN #!BEFY H #ED4 B E HD GT Y NF In A V I T O O TM S R CT I S S NP !N S E O A E I B TM RS I OV Y NN F A ER O M LR E M D A V P R R NO E FO E' NO E E ML A 'YR ! N A R T RAS N OFA NE O T OS C I# T ENN I R T O OI I E I E N T $T R C OPE NN I AE M T U C TVF OW E# N A S S I R R D ; O T E ER EP N TD HC O HP OT IW 4AC O!V

Appointment of Director General

Commission may, with the prior approval of the Central Government

of Competition Act

MD UN DA S NE AI T R ; OUT N MDE ESM T MI N FR OOE T EV N S I O O RP ' E R L T UA N R EPT NRN AOE CF# YE )CH #NT #EF GO AAA L I N D V G NE I O ) R R P FO O P FA NYS ONU I AO S S I HV I T MI E R MWP OT N H #E T = I NMW OE I G N S T I O TNNI O A E T I R PR C T E C MA NS ORU O #O FT

&RPPLVVLRQ FDQ HQWHU LQWR PHPRUDQGXP RU DUUDQJHPHQW with any foreign agency

proviso

ONNAM T OO O GIIMR T S NI RF S S I I O T O E F M A V P N L I I T M E T N R C G E SAON F NN#I F L I S OM IE S F I E S N I OL NO V N I OD IS Y I RFUA V PO L S E R O ER FS A O DP UE NBYR; O O= ! E I EF T RR N E EOHS V=TU A NAN I R CO H T I N NTTC T OOINE W E I CT I S D C DCE I O EET F T S F T G; I U O ES M S L S T L I N A BSV O FEUAR O MSW TEEEP C EB D ER DRN E PG L O HC SA U T E OT E E R VHA S NI S T I I =HD T N NT OE DA = P I T E T S M I A NS F R I MOOI I F T ; RCT A OIC N T F ESO N N S ST I A; ) I

7KUHH \HDU WLPH OLPLW IRU VXEPLWWLQJ LQIRUPDWLRQ LQ UHVSHFW RI $QWL FRPSHWLWLYH DJUHHPHQWV DQG $EXVH RI GRPLQDQW SRVLWLRQ

4 # ! 4 . % $ . % ! . / ) 4 ) 4 % 0 / # % ( 4 & / 3 4 ( ' ) , ( ' ) (

I-29

EE VI V AT HC E TF F O NE N LO L I I WI S V )O #R P #; = A I D NN ) O I FC T O E NS O; I N S O S I I S MI S MM OM #O N# OF I O T I T S E G PN I MT OE #E = FM O N I NE OT SO R V E PG RNM I I T A S O HA R #C F

Chairperson will not have casting vote in meetings of Commission

SRN SNE N= S T T O C O O O " E N N I I I I T VT T T EEC EI O C NE MME MT N I EAS EE RS ; E ES; EPG M R R N H N FS I G G T O I O G V R I A= A# N I U T G C E F E I = V T V D NE R E S I I U E T E O; T I T OT I I T T T F NC E O R Y E C OR PNA O R E PI P R O S T P M R MC I A E E R T R O C OEE R T C E C T CSI E O D A L Y T S I I;R NR T; T N M A N A 'UT N OE = ANE AI T O N $R TN I FIH E T O OS O I T I L P O T M S TO N PD AE E R E C I R S E L E T EPO P D N = SP EN PTL I T R AC SNC EI I U ' NE U DS EAN R N ET QIDM RT I A NM O OT NM I I C EOYR TI F C D MM YO) TDAE EB B RD# I R O FEV I UU UF# I$ NOR LT SSM QO YEAC T LO N EA S L E C I R I ASSF S A U F E I W F UD A H F MB R E O BN WE I VN !) N! N D''I T R $ O N R $ OO ORF I E AR C I I S OO= T E S T I C T N E F =A S E =N V I NTEF L O F E P H M MR O OA I I N 4 M S M LP S ; S O S S O A N I NI I ONC N =M = CO S OI! O O!I #I I IMT I V T R T T MC N MT O E C C EE A T E R E EOS OI HS G F P! D S #; #T 4; ; ; I

3URFHGXUH IRU FRQGXFWLQJ LQTXLU\ LQ UHVSHFW RI $QWL FRPSHWLWLYH DJUHHPHQWV DQG $EXVH RI GRPLQDQW SRVLWLRQ

L STNR N FES S A T N O GE OOMO E C B E I AC S S NOR US I O N ER R V L OCE S ADEE ER G UV PORPSEP @ E R 0 R BAS EMP EEBE ! P H H H F D 4OE T OT T F C DON H E FOSL PT N A O G A R P L A S NUL E HP T T O I I RA EV R = C D Y O K S U G T A C O DR EEM RNL AO A R O NT A L O P H E NT S U R M RY OUP T I F ES T I L M T PA L L T L D E C A A E N A E EE T EBH I YFV AO C S HG L OI VT L ; T NTN U R A E L R F L AA A E T L E H SC E O E U N T R VD R OY I N B S SO SC EDMF FI I S N O T E N R MEOE A S N E R E B E B R U EOF R UT V MT E EPDH YV NOO L R N T O O E NS GMV CA BOOMN T N AII S Y E N N A I SR T I A =RL M T EAO UL E C E R A R V DF OT OTNG T D I N O R P T EUN D EO R I N O E H T A E I ME @XDP AE E S T E S Y V I I E EL C ER YGS PE OR OO L CY S N C E P N MS N N R NA VE RDOIOU O;NR I D C E U M F A E O CNR T SL UOC F T I N M O OOE E II D L T A DCTFB N O T R N H N Y / I BCEI R E A T L N !S I O ONR V N O E A E E W I L S O RPON C G S S RVE I N I OTR E O ON @O SR CI R ET F I C S P P S M N R A U V O I R R E E S R YATRI R R R E E U T N ET EVIECT PS P T I L C T O S I T RN N NE A E TN A C E ET E NM AS D A RHN EO YO HU RNER R 4T7AP 0D BT OEMO

3HQDOW\ IRU $QWL FRPSHWLWLYH DJUHHPHQWV DQG $EXVH RI GRPLQDQW SRVLWLRQ EDVHG RQ JOREDO LQFRPH RU WXUQRYHU

Explanation 2

global

global turnover a person or an enterprise

F SO E S VS NE I C FO O R TP C EP P SU E D R E E NP I S O T ND OE I T L I C A ET S R NU I C DN EE I F E I B C EE PV SA SH PS EN T S O I ST UA ON I I R B A VM RO OC F O ST T N I I MN IO L I ET A MG II 4 T

3URFHGXUH IRU LQYHVWLJDWLRQ LQWR FRPELQDWLRQV

4 # ! 4 . % $ . % ! . / ) 4 ) 4 % 0 / # % ( 4 & / 3 4 ( ' ) , ( ' ) (

M O C O T N I R G ON I ST E A I G T I R T A S PE " V YN B I O D T EN R I E F G F N O I N D SE O N I T E O C C I E T O A S R ; CP I S F N I E D R O I OO T F A M E N B I T = B P ES M CN O CO C AI TN A O N C O T AI I N F T C I I C D N E NO S O O ; I MS = I T S A S N E G I S O I T I MOT S P A M E D O N VN OR I NA #P B I

F = I NDL F E ! E OS I S I D II T T A O A NRNMN I O A E B I H C T T MBNI C E W OYO S CAI ; E S FMS N M O O SIEI EAMH S S MNMCI EOOSM I # E HT VM CA EO S O N H R# I NB 4P I Y SM PB NO)AD # D OC E # I N T V F A A O AER COI I E MP F D I MNEP D ) HA OEF HOCD MC SN RSNEA OOOHS F I TI E T S OR RSI T S E N TA F F OMSP O I MNY T O TC I B I EOT # A MJ D CE BBNF I E UOI OI R SET DG IOA NMT A EMS COP A C E R MS S SE N E O O V I O PI T O#O R T AOYR A 0T BPC

T N NY = = C I B OO R E H I J T P T D E I C E R W EE V H S N N N O NR A RT; O O O C I D I E P I ND T T T E D N P C C OE A I V O E NI A F E N T I I O S S UA L I S ; N R ; P B S N P E I N S NI M O ME O N BP = M I I O B O I S I T MA M N C T A E D I A ON O FV N E C N PC O I # A E I = A ODB B F TH I N T C M D D EE O U EO E S O I O O V PT I T OA F C M C D SD I P F H E E D N EE OH R O S I O O R T ; R O M L I N I PT R M T A S I W E S N AC R FD E C E Y O N O E O E D L TS D P O I B S O I T O; R E A T A MTM N D R C E OB A C R I RE EO P N I E YL L F R OF FE D T I D F I V N A A B C I D E A T E S H E M O SI N T B J S N E S E E O M O = S O OS L R R N R L A I C NE A A O T C T T P E L A U I N SV H H T E EDS G V O CC TA E O I O I E OA F D NNN R R Y I N B DF I T R P D O R SB O U R I S NO P OO E I T A O A MC T O A A T M C I N N N O E H S C N= L O DOS D I E A S L A I E I I NC; ET PB C C R W E T O A U MSM N S I H E N S N N S E D O O O E E MRON S I I I GI STS I S C ONCO GB ISS T S I S R O #IFI I UM MYI O A T R A P E" C M M P SO MDM L E # O E A H M M M H E T E S O S # E T H F OO O O H F # H ) F # # 4 )T 4 ) PT

T= R E P X E T I M B UM O SR RF OE V NT I OC I S E S F I F ME N MO I OS I #V O ER R P O; F = E B R A EN PO PT I AC E OS T ; SG T N R I E R PA XE EH LG L N A I CR NU AD CN O YI T N R I A P 0O

=F Y)NT O L O C # N I !! T O#C E DA S AI R HD N E ND O N) EI FNHC T OO I UTE T A N FS G ROG O O I I T N T S C S S I E D E I VMP N N S NM NOO I I ) P TOF T S U C E O#OER SSR NR GO GO NI E C N; I T WI I Y T D R O E R N P0O A C M P S E O L E T I # R H RC F WO O! S CS= LR E N;I A E R O N WI E T A NOC P E0 E MN ' S O TOI C T R n! #C On SFS E T S C O E ; R I EE N R n I = $WNA T P O O C I N! EPT M O HG C OI T NE T # S C I RW E FS RO E E I L O D DE R L L A N NH O %F U AT

proviso

prima facie

I-30

suo motu -

3DUWLHV FDQ VXEPLW RIIHU IRU PRGL¿FDWLRQV LQ VFKHPH RI FRPELQDWLRQ

2UGHU RI &RPPLVVLRQ RQ &RPELQDWLRQV

3DUW\ FDQ FDOO H[SHUWV RU VXEPLW H[SHUW RSLQLRQ

(QKDQFHG SRZHUV RI 'LUHFWRU *HQHUDO GXULQJ ,QYHVWLJDWLRQ w.e.f. 18-5-2023

4 # ! 4 . % $ . % ! . / ) 4 ) 4 % 0 / # % ( 4 & / 3 4 ( ' ) , ( ' ) (

I-31

RN S D S SRN D N N F S N E Y O O L D E E A O K W A I E R T F A R T = I T Z C O N S E T I C O I E O= D L D T C O R AI L V E D C O R EI L P A E R PT O N E PB I S L E M R M ' A MC ; O $ A H E = R N O S O!M R N D OCT T C C O D N E E T # E T E = O N N U U I R A S P O N I H S A OS -T I D T O RI I A T I G R C E C OT UCS TE O I E C O M S I E R S F N DT R E EI T E S H A R E N P R R P S O NE D S ; I T O I O O NE O UP O; I E H E N T U H F H C N T A T Z E A # ' T A N M T RM I C O G C Y E A I E O O G $ I I I E U T O L T S T T O N R S N # F CSK O S A Y C C T ; Y A I A O N D OA T E E P T E B P C I N O V S N D N PF DN R F ; F E O N A SO N O I D N O W O R I A = I I N # H T O C N T S O U S ) I L M A E R N 0 A E S S A T T Z E C I E I R R S C E M A ONO N SRI T I N $I E T # D= EG OR LE F K R T S E M F I A P I P E R G A O ET O T T R T E A N EE P D L AS F F F C A S E O V B R A D E N I R 0 T A O O E P D B I S E P I AS A O E T YS T S NV I L S R N C E N R I C A H N T AN R ETY NC I A H I E O E A R R E K E S C O T A M R SG F A VIF U KS I AD E F I R E D ; G P T L ADE T R E E N A B L EI E EP E EE AA A X BC MO E O L EF R R I Y E S S R L E LS -S = R T I U C ET O N K I R L U E ; E N L C W N N I D N D AO NZ N P B W F A WEE E R I N F A A N A E E E C P C CI UO= MC C C C NN AA L R S L HSM L T T D L I L L E E H U L I N A O E R CDR R A E A A L W= O Z L A N I R R I E A O R S O R R I T D E I R I E H T NU O E T R F E I A RR E S E S I E WAQ NR PN N EEE N NV N$T I D S C S E NTPN E IE E C EE OE E R R D DR E F S O SE l E T E C E S 'T O 'l AI O N ' 'A ' MA A R S F T T D C A C A E RC O A; R X E R RNO D RRS RF -L EN H WNN F E E O O O O O V A / R = T F E A D O O C E S I T T T T V OAS S FR I R T C N; I HS CG YG C CEI PHR R O CT EE HT A N E E E E E U T N N T C C C D I T A S R R R R R C A E EEE U E E E H US U U I I I I E I N $ GO E $ HEWn $A M #' $BA 3; 3 C $ 3B $-R T O R W WAPO E T L OC HE .!4B i

ii iii

iv v

vii

viii

x All amended provisions of section 41 are effective from 18-5-2023.

E R= ES E VA HMI AH L 4OR H #A n E SN YE NI BN FW O@ I DE O D S EV L I R E E S V M O OOB S O PA RW R P D M F E E I N E WHZ I E V O ETR I I B T T NSA C A E N E S YSM AI F L NAM CA F ACU E H N MES N CI I O ME M H I SO R I S A WR I SA C V DNS Y O E E E) T R I L DP G F A @ N T I ; N C D A SE E A O!H N P I MNC D F YE E OH E B NI S MO ET I4 D ET ERP E BE C T P Y M AE T E L I L VMA P BT O AON ET R H#E D NOE SNP @ ENR NIY ENE ODB BAW I E S CD SCO I S A V U P E I HH ODC M RO A 4E E L PR P N T S N E YN I A F T R I O @ L W I A N N S MS ) NE E RI # EE E E M# 0BB T

3HQDOW\ SURYLVLRQV PRGL¿HG LQ YLHZ RI QHZ SURYLVLRQV LQ the Act

Penalty for contravention of orders of Commission [Section 42]

D E S O P M I E B N A C H C I = H W Y T L A N E P YM BO R DF EE CV AI L T P C EE R F NF EE EN BO I SS A I V HO R E P N; I F @ N O MI S RS E I T EM HM 4O n# Y B

Penalty for failure to comply with directions of Commission [Section 43]

O R P W E N H T I W M E H T N G I L A O T D E I F I D O M N E E B E V A H S N O I S I V O R P E H 4 n

Penalty for non-submitting information on combination [Section 43A]

4 # ! 4 . % $ . % ! . / ) 4 ) 4 % 0 / # % ( 4 & / 3 4 ( ' ) , ( ' ) (

N A C Y T L A N E 0 S N ON I O T I A T C NE I B S MN I OO CT FD O E NR R OE I T F A E L R U GN O EI R T C OA T S GN NA I R T T A L F E O R E U L NA OV I T F C EO S F O O ST NP OU I S E I B V

RN OO F I S DI S EM S A EM R O C N# I Y EB L B D E AS I V O EP L M YI T L E A NB EN PA MC H UC I = MH IW X A -S E R nO R C EM VO I R F F E S 2I V T OC T E F EF R OE RN C O I ES I NV OO R S P 2;

S SYYY N A A T T T A L L R H HA C A NNNA N H E P E O O T C I P P I S I = S T R H I R C R I F E W VE E S F OS S Y RSSO E E E 0 T Y L L H L T T A E R L 4 S A S OO N A n F N E C P E P N E M R OMP Y O I N L I BR N T E E A O T DF EC H T R T ID EE EL A CV BP L C I E S E AT PS A O T L C P T E HAUR EF S A E G N F C R T B N I O R I NE I T EN TWNE A H C A O EI L EACT E R BS O S R I SV EDEN H C S A A H O T N HR 4INS E O = E I P nWD S ; S E I I O O N V N V T L I C O O F YES @ I R R T S I P E N R MS D H A O E RI Y T I M P E T D T O R T C U W YAE L EM S ONP; C HO L N F L ! 4# I ) A D Y = E O = O B T C T U T D E S E D D A E S C A R O N N E M P R OOE I I B M T T NC N C I EE E N EA E ES E S B B; B C ;

LOYR LR TA SN RD GD"R NT A E E I I NE E R O TBO N N T D I D I C D D E S F C C PIE EE DE NI N E NU UU EFR E C M U I E R E S F DDDREI E I F N E I S R O L ' U P OR FO N C AO E S RT DEE QA$ O T R R F P F T I E R ! N G P OS E TEE O N I R I A N T S A B S P I F S T CO C I I YN ITSER ES C E I E E M H F BESC V A E U R TBO T I O I P TEN P EBN T M N B C I $O S E S TN OR EA T O R !OT C I F# RYMHF HEI EA T SC O H P NL T E I T T PT LO R T I S EF OA IA TY SR I R S WMO T B AAMRT E P S O O I E R N PMEI T A PD TCP H E E N E E T N E T N I E PHED OEC N H E T I R O E T E S A N WATC'R MN S FA ES M! N O L T OETMYRR I E O B N O TP #MEEBF I LFM B T O T P E S Y S= T NT B NC I O S T I T I E M N E I I E C R O S R C R DMOO ME A ED I T I I E T E F E T E PO RS TP O RR ! R D S A$U CMC E C I E R G N R UOI E NT PA I E O E LYBH FR O DCT B S T T P N T I N N N OFS F U E T E O P Y O I Y ROIEC A R O V B R I N T D B I EAI I T$MS T T DOC N T E! A P SI E EU I EFE T E L T I C E L Q R T I RH T A E T I BS C"T T P TP O= L NN E I I O ; T N P I EN E I I P MT CO SDWRT EM U N A NCN N OC I BB MO ! Y O ORUNFEN U O O C R E T N I S L R R I CE F S I O T L I T A N I O T E R I C T HE M C E U T I WT R S N O E D T N E E BQT N S S B I EO RDS C SOEI A N O I N NN E C I GT EMONR UI RR N S S E T A A A!N U R N Y E OO C S C C'ME R S I O F D N N N E I I T O C I L N O ! R N S F A N T O A T R I ; I N UPO#AS OC E FD U CO N I E F F E DPTFES O T L S Y E T A I M OACODIA E O N N N N R T I T C T M C R R R A T R ON O O O EI C R A I EF I II E E HT A L I LD I E E P MMN H$ PCT T TI T C P S T D E T C C C C S PNE UE E YS FREOE PE EB E N ! 3S US IOOB#' !RSS 3SI before

I-32

Penalty for making false statement or omission to furnish material information [Section 44]

Penalty for contraventions in relation to furnishing of information [Section 45] Lesser Penalty [Section 46]

Contravention by companies and firms [Section 48]

Settlement in respect of certain Anti-competitive agreements RU $EXVH RI GRPLQDQW SRVLWLRQ

4 # ! 4 . % $ . % ! . / ) 4 ) 4 % 0 / # % ( 4 & / 3 4 ( ' ) , ( ' ) (

I-33

L"L L FY R A N N L E O I I E T U O O W L I D D T I I F TV T T T N R A N C F E C ) Y O RR I S ER E E OI F T S R S MG F= ; O S ; O U O ! N S YD Q S D I N R AN " R! N A N E E PA I G O U H F E ND I A F T & NR T O O N A ROA OU N " I D O T T D EO L = U TA E C I N HT S T N G !E T T A C E EN S SO N A ! L T E D R MG R A O N C I S C L E I R Y E; EI N T O R J L E D L B C S E O T E A N N N T E I R D G T D E O N E S U I O E C I S S YN E ' L T R E # D N AO I C F E FO S R Y I E I E O O T MC DS O A C S RS T T N; E P E LC E C A A S U D P ) D S ! E O S P E # N R T R S 4 T OM I # U R I S = PR ! E $ D E A E # D L OE R , N E DB D AN RT E E R O # D A I = PE U B N DRL C I D .T A ROI I N Y N C OF E L OEEO L R ) I T E E B I ! Y H I I T C B R S H T F W U R T EE L O C T L O L R I Q T EP A L I F E E DA R E N SN P W NI S N EH; G BD W O E S N ANO O S S Y T H I D O I O T D L S M U T Y L E N P N T N I S E C T T I L D W E U ADC E E R M L N S I A V M E T F CA I S O A I I T O ; T S D G I ES E ME M CD0N NT N T S B N A E E = O A OU I O O O D B I C R TP # R T N T S E T OI O O O L T N O S L K N S F R N N I N E ! M A L E O E P D I R E N MA O E V H V M A E E I A R M D T F A S E R MDR I W N U CE E R G T O L N Y ET = OI L L D E T A E N= P T SSS T T O R TI N I #F L AT E D T I I R E E O T E A C S A MN C P NR A C EE C ! S ! O P T L E A E F OE R HP E E PF L F ( T S 4S B O #M 0 !O !; )DS

TLOYR RD YTN NSN A T NNSR U E O I N I T R B E E O I O N I N T D I B I O E T U F T ED PIDDC I N N F YBT I E C E E Q E E EMI B C UC R E R E R S N F E I OE I S E I S M L R I U TS P SFO $ E EC A C T L T O S R Q T E R I F F C E R !ANTE EPO E MGP U A D R N EI P N S A BS S SE T CO NA DO N ER ME OH N I F U WETIEO H VS A O T C I U T O O T I T T C E C T BNBP I Y T C E T N E I T N T N C RT BR ESE E S O A R R O A E E O I PE RYMH A F T E R T H P F P T N TL I O P T E MMO R I ST RD S F SMO AT EIA A E E MR R OL E Y P T O R N D E T E #T C SPMEI CP R B U H F E N I N E N T O T I C I O NEI D E T S N H D T N O T E I E C N E T R A N ' E S O L V E S I N I DFIE R R B ! F I T T S I I I EO$MYORE E F N F R O S S C M CT EBFT A C I OY E S EOO I UP! E L NCF MR T T E P T M M OEER DE T SCD R I M M E B A E OC E T R S I F E IOI RN S A E $TP HPO T O R T T S NR C U P L I E G N C E I Y#A Y OONL BH E TA WR I O R I F NYE B S P O R T T I TE NU ABN PY Y C NE NI NT P C V B A R O EHEOE S D D B DE I I I T CTSIS EI EE E! T T U ' I T L T T A T NOGA I C U Q R N RH T A E CE ONN I SR NN EP IIO= I O S C!I T O L I M L W D I I C I M T P P M U N RT BSC PN W" P C O I N O I E= UI " T AY E DAUNFEO C SLR I N OTLORSI TR M A I T N A I I R I E R $ E A R T MN S U C T R ON ANN DEE MQ " BE HE S I OA I RDS OIT T NF B N O ST N O C I O M N I SE R UICI R NE Y A E T I R U R T ' Y E S TCB O M C ' S N C O R E E " N D N E F O O N R N ROTN N ES S F A I N O D P R O T O MGE O#AIU AFI; E T N E C C S T I D O C F NCDC YES R T E TI O A L YT F I EN O EE UNEBDI I S A NT R TCI ; MCDA C R F I O O C RAMR R R U I E I I E H I L I E $ A E P MMN O MDO $ PCT T C R ! S D F E C C S OT OR PYE UE EOE PE FR PE N N ! #T 3S BB OOB#' !R SS I I

Commitment in respect of certain Anti-competitive DJUHHPHQWV RU $EXVH RI GRPLQDQW SRVLWLRQ -

4 # ! 4 . % $ . % ! . / ) 4 ) 4 % 0 / # % ( 4 & / 3 4 ( ' ) , ( ' ) (

L L"L FN T R N L O I E U O W = MC O ! D I F LC T R O A C F C N Y O RR S I F E " FO OI OO T S R I O S P ; T O U Y I ! RT N OT Q S I N E RI " N N EP A PV I F O G O A F I ND M I A R OG T O = T A T N O C ROA " L I E E O # T ED U H S C EN G S ; F " !E T R T E A O L T S G N SO R A E C AR R R ON Y C E E I E T NU B L O NDA N J E N C O AT I E R N D E I T O CA G T C S I ' U E N E YT I E CD L R F E )G R AC S I E E S #N Y O MS C EA D; RS T #I E C N" E R SP R P E E E ) A U S D D R AI O #D I NPT I S 4 N S # N $ D A R = ! E# U O UE NN L D E I O R , ) DB AY T E B N I R # C A FC R DO A D I I L O .E R S L L U N N S I Y OEEO ) Q NM W E T R I R OR R E FN HHBC T T I I A E O O D TTL LE P S N T = F H S N IDA E E W I T S D O NI EH; BU O M ME T S S W Y I I D D T O D L MF" N S I Y I L E E P S D E C T M T S OC E IE L R M I S V E A S F #P I A I M N I ME A O T D C 0N I EP C O G MO NSI T I O E B C N T T = R OO B OP C I TN OODR # R T N T E O E I O O TE L L D K S T S N N E F N A " M ; L E O N D I R N O T PEN H I A V A E E E AI R T E R O S MMI CM FWR U G I TT O T N N Y T = OI L E D T N P T SSS EO E #MN I L AM R I D I E R E E O A A MMT C P NR V A C EMA C " T P O T E OI A E R HOR E PF FE T S 4C 0 !O B )DS T ( #M; LEN A O NHI S UTI N BI V I O R TR 4NP U; EO T = A M L L A E " PT PA H !T N EFO HOI T T C Y E B S DDO ET ET NI I S A O T P R E E T D N ES; A EH 4 BT ! , LN L # A A HL L.= SE NPY OPB SAD R E E E HT PT C ASE S R I M E YL D BN O R LUSF A A E E V P4RI P!ET C A,NE N #A F O. F ME .

EN L O B I T AC I L E S; S I T EC H! N 4O !T I ,T I #E .P M LO A N# UF BO I R 5 4 = E T N A O L I L T E PC PE !S R E FD M O O RNR U E DSF E RG ONI V IT SD C E EE T EF A CF L O OE I RN V PO NTS I OPI SMV R O ER E T PN P ; YO= NC1 AR O FF )

RFT NO H MOOC ASGCM N L O I S! O I S H R N GAD R # N O NDEWF E O I I F N E E DS I E O E T V ACR RI I BT I O T OVE T O O R C TNP F FRP E E I E O P F M NMYBF HF O NNTE NTO# A O TO R OB N NF C FUO SO I OO T !I O I I R C NCS ERT! I A NPO 3OL AV OMI O O E I T I I R R T N V I N I TRUO0 T F O O I E S T L; I U PYS T R = A L C O ! NN H MN E 4 S T OOIU E N B R TH #N HE I ET TR N ID M EE 4O WN H R I E M N T E U T T O C D NF T S E D E A ROAL I I E 3 R E SRL L I ; D PP E DR OP NP MMN G U EP I U N O R M O ! I O C IF R D P EH OTM E L N E F O B T H E O AIBT P SNC R HWE E E YS SEH DRE BI I I A L B N T V B G I ) D UA N O E # N E R PH A I YD P#C SA F ND EI F E T E CNMUE O C = NU OC W S !N EPEP O F D ENMR NO E F N P I I C O O T T OR I NFO C I T I YEHCH ET E C T T C F R S NF I EU E I EN WB !O PD S S I

Compounding of offence under section 42(3)

I-34

0DQGDWRU\ SUH GHSRVLW EHIRUH ¿OLQJ DSSHDO EHIRUH 1&/$7 proviso

&RQWHPSW SURFHHGLQJV LI RUGHU RI 1&/$7 DUH YLRODWHG

&RPSRXQGLQJ RI 2IIHQFHV

4 # ! 4 . % $ . % ! . / ) 4 ) 4 % 0 / # % ( 4 & / 3 4 ( ' ) , ( ' ) (

I-35

LNE N ASA V O N L R O I I U E T I O S S C GINS ; S E ET I E S I A F L N 2U MO 'MF E M EGD MS N UEO OO OA S2I #I #E S R R S I GE I EG ON PDV HN = T I EO I V T R D D I DUE P FR E ESI ; S O C F O R = I I E! E C GC E R E WR E N S R I PT OOS N R F N PE N E O AE O T I M" F T I M M R T C A E O C O T N R M SC F E I UDF S !SO; FEE ) NCS LWV #NOFN A I O OIO T #I T N O L L C A T I T R O T L I C E E T AE A F U F EL T I F E N D PGPU E I E S B NMR G E N R ) T TRE O OO FOF I F NI O #AN2 S S R D V NFROT I OE D D O OOE EW I R SEP S E NN; S UUI S S I O E V S S I = MNI R I E T ! U OL A LER MI D U B Y T A = L OC T E HL I LL C ES #S A S N A OO C H T NR N I R I N SD T OE O C TO EPE I I T D S D G N I I I S R TNS R E I A E E E O S P PUMML ME T M MSMEL R E T N A O O N A OI OOT F HR #T #SS A F )

3URFHGXUH IRU LVVXH RI 5HJXODWLRQV E\ &RPPLVVLRQ

pro-

viso

FN L FN S ES = L W O O N V A O O E A I L I O I H L T T T TC DA I U S C S R" N N I 2 E I E O U V AV F ) S F T O; O E # S E C Y R D N T # M E A T P C EN O A L F H I A N ! DL I T A F NC O AE C I O E N U E D E S D T MI S O P S N E N A I ; U I ) ON T N D' R I GR I I O T F L T N P NF O O E E S O AF I I E P D S S D R O N I UI S O D E PM U O Q P N E D I G = M PO I R O S F M A Y E # I S I O M T N I T I U= C A O AO OF M" S E E C S L F# TO NL I I IR M N S H N N" ON A B E O O E A N WB U N I # S E C OO O B 0 G S I D I I DL N T V NT N EO )O F EU AD I OC N SO #I R I I R N E A O L T #T E I P S N E I HM H C M ; T D I E S D Y E AS R I B T I RE S I O PM C N S ; E U D N A R & N M T S B GF NN OO O ! E ) T CS OF N N FO DO HO # O A I D O O EE SN SN I T E I TI A B NA Y L L T O R I L B I L D T B I B OU T NA I T E I D E E U E R H S E N I G P L DC PI D F S U E KS PE ES I T V OA UE MMO M2 AD T O A M R H N S O N R P ## S S I MD EA T S = N ON BN N SI E SN F I O E O #A TI O E N E B NO NC NS OS " ND " N I E I E I L S R O OL L T E I E L H I E O I U A L S T D M S I F V D I I A S I N I U T2 WM I V N IL Y= H E U B E T O O G PT EO ML G D I U C I S T T M! # MA C E EP C E " Y N E H OF HY OE E EN HNS #O 4B #P 4A; 4B 3O

&RPPLVVLRQ WR LVVXH *XLGHOLQHV

shall

COMPETITION LAWS MANUAL WITH CASE LAWS DIGEST AUTHOR PUBLISHER DATE OF PUBLICATION EDITION ISBN NO NO. OF PAGES BINDING TYPE

: : : : : : :

TAXMANN'S EDITORIAL BOARD TAXMANN JANUARY 2024 11th Edition 9789357780254 720 PAPERBACK

Rs. 1395

DESCRIPTION This book is an authentic compendium of Competition Laws in India. What sets this book apart is the unique way of presenting the Amended & Updated text of the Competition Act along with relevant Rules & Regulations, Circulars & Notifications, and Case Laws mapped with the relevant Section of the Act. It also includes a short commentary in 150+ pages on the Competition Act. The Present Publication is the 11th Edition, edited by Taxmann's Editorial Board, amended up to 15th January 2024. This book is divided into four divisions: • Guide to Competition Act, 2002 [Short Commentary in 150+ Pages] • The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2023 • Notifications • 20+ Rules & Regulations issued under the Competition Law • Tribunal Reforms Act & Rules framed thereunder • Case Laws Digest

ORDER NOW