Question

Foreign investment and competition policy in india

Answer 1

Answer:

Explanation:

The start of 2008 sees Indias long-awaited competition regime finally taking shape. Under the Competition Act 2002 as amended by the Competition (Amendment) Act 2007 (the Act), India now has a competition regime which governs mergers, cartels and abuse of a dominant position.

The Act applies equally to foreign and Indian companies. For the first time, certain combinations (i.e., mergers, acquisitions and amalgamations), including foreign-to-foreign transactions, will have to be notified to the Competition Commission of India (CCI) for scrutiny and clearance. Failure to notify can result in a penalty of up to 1% of turnover or assets.

The CCIs aim is to ensure that the combination does not cause an appreciable adverse effect on competition in the relevant market in India. This article addresses some of the ways in which the Act will impact foreign investors in India, as compared to merger control regimes in the EU and US.

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Answer 2

Answer:

Explanation:

The Competition Act, 2002 was enacted by the Parliament of India and governs Indian competition law. It replaced the archaic The Monopolies and Restrictive Trade Practices Act, 1969. ... Competition laws is equally applicable on written as well as oral agreement, arrangements between the enterprises or persons.