Question

Anti competitive agreement under competition act in india

Answer 1

so here u go.....

what is anti competitive act .?

The Act under Section 3(1) prevents any enterprise or association from entering into any agreement which causes or is likely to cause an appreciable adverse effect on competition (AAEC) within India. The Act clearly envisages that an agreement which is contravention of Section 3(1) shall be void.

How to determine AAEC?

The Act provides that any agreement including cartels, which-

Directly or indirectly determines purchase or sale prices;

Limits production, supply, technical development or provision of services in market;

Results in bid rigging or collusive bidding


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