Q24. Consider the following statements: 1. The Competition Act, 2002 p

1.	Q24. Consider the following statements: 1. The Competition Act, 2002 prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and M&A), which causes or likely to cause an appreciable adverse effect on competition within India. 2. The objectives of the Act are sought to be achieved through the Competition Commission of India (CCI). 3. It is the duty of the Commission to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India. Which of the above statements are correct?
Answer» Q24. Consider the following statements: 1. The Competition Act, 2002 prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and M&A), which causes or likely to cause an appreciable adverse effect on competition within India. 2. The objectives of the Act are sought to be achieved through the Competition Commission of India (CCI). 3. It is the duty of the Commission to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India. Which of the above statements are correct?

Q24. Consider the following statements: 1. The Competition Act, 2002 prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and M&A), which causes or likely to cause an appreciable adverse effect on competition within India. 2. The objectives of the Act are sought to be achieved through the Competition Commission of India (CCI). 3. It is the duty of the Commission to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India. Which of the above statements are correct?

Answer»

Q24. Consider the following statements:

1. The Competition Act, 2002 prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and M&A), which causes or likely to cause an appreciable adverse effect on competition within India.

2. The objectives of the Act are sought to be achieved through the Competition Commission of India (CCI).

3. It is the duty of the Commission to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India.

Which of the above statements are correct?

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