LawgistAll Acts
Competition Act
An Act to provide, keeping in view of the economic development of the country, for the establishment of a Commission to prevent practices having adverse effect on competition, to promote and sustain competition in markets, to protect the interests of consumers and to ensure freedom of trade carried on by other participants in markets, in India, and for matters connected therewith or incidental thereto.
| Act Id | 200312 |
| Act Number | 12 |
| Enactment Date | 2003-01-13 |
| Act Year | 2003 |
| Ministry | Ministry of Corporate Affairs |
| Enforcement Date | 31-03-2003 |
- PRELIMINARY
- Prohibition of agreements
- Prohibition of abuse of dominant position
- Regulation of combinations
- COMPETITION COMMISSION OF INDIA
- 7 Establishment of Commission
- 8 Composition of Commission
- 9 Selection Committee for Chairperson and Members of Commission
- 10 Term of office of Chairperson and other Members
- 11 Resignation, removal and suspension of Chairperson and other members
- 12 Restriction on employment of Chairperson and other Members in certain cases
- 13 Administrative powers of Chairperson
- 14 Salary and allowances and other terms and conditions of service of Chairperson and other Members
- 15 Vacancy, etc., not to invalidate proceedings of Commission
- 16 Appointment of Director-General, etc
- 17 Appointment of Secretary, experts, professionals and officers and other employees of Commission
- DUTIES, POWERS AND FUNCTIONS OF COMMISSION
- 18 Duties of Commission
- 19 Inquiry into certain agreements and dominant position of enterprise
- 20 Inquiry into combination by commission
- 21 Reference by statutory authority
- 21A Reference by Commission
- 22 Meetings of Commission
- 23 Omitted
- 24 Omitted
- 25 Omitted
- 26 Procedure for inquiry under section 19
- 27 Orders by Commission after inquiry into agreements or abuse of dominant position
- 28 Division of enterprise enjoying dominant position
- 29 Procedure for investigation of combinations
- 30 Inquiry into disclosures under sub-section (2) of section 6
- 31 Orders of Commission on certain combinations
- 32 Acts taking place outside India but having an effect on competition in Indi
- 33 Power to issue interim orders
- 34 Omitted
- 35 Appearance before Commissio
- 36 Power of Commission to regulate its own procedure
- 37 Omitted
- 38 Rectification of order
- 39 Execution of orders of Commission imposing monetary penalty
- 40 Omitted
- DUTIES OF DIRECTOR GENERAL
- PENALTIES
- 42 Contravention of orders of Commission
- 42A Compensation in case of contravention of orders of Commissio
- 43 Penalty for failure to comply with directions of Commission and Director General
- 43A Power to impose penalty for non-furnishing of information on combinations
- 44 Penalty for making false statement or omission to furnish material information
- 45 Penalty for offences in relation to furnishing of informatio
- 46 Power to impose lesser penalt
- 47 Crediting sums realised by way of penalties to Consolidated Fund of India
- 48 Contravention by companies
- COMPETITION ADVOCACY
- FINANCE, ACCOUNTS AND AUDIT
- APPELLATE TRIBUNAL
- 53A Establishments of Appellate Tribuna
- 53B Appeal to Appellate Tribunal
- 53C Composition of Appellate Tribuna
- 53D Qualifications for appointment of Chairperson and Members of Appellate Tribunal
- 53E Selection Committe
- 53F Term of office of Chairperson and Members of Appellate Tribuna
- 53G Terms and conditions of service of Chairperson and Members of Appellate Tribunal
- 53H Vacancies
- 53I Resignation of Chairperson and Members of Appellate Tribuna
- 53J Member of Appellate Tribunal to act as its Chairperson in certain cases
- 53K Removal and suspension of Chairperson and Members of Appellate Tribunal
- 53L Restriction on employment of Chairperson and other Members of Appellate Tribunal in certain cases
- 53M Staff of Appellate Tribunal
- 53N Awarding compensatio
- 53O Procedures and powers of Appellate Tribunal
- 53P Execution of orders of Appellate Tribunal
- 53Q Contravention of orders of Appellate Tribunal
- 53R Vacancy in Appellate Tribunal not to invalidate acts or proceedings
- 53S Right to legal representation
- 53T Appeal to Supreme Cour
- 53U Power to Punish for contempt
- MISCELLANEOUS
- 54 Power to exempt
- 55 Power of Central Government to issue directions
- 56 Power of Central Government to supersede Commission
- 57 Restriction on disclosure of informatio
- 58 Chairperson, Members, Director General, Secretary, officers and other employees, etc., to be public servant
- 59 Protection of action taken in good faith
- 60 Act to have overriding effec
- 61 Exclusion of jurisdiction of civil courts
- 62 Application of other laws not barred
- 63 Power to make rule
- 64 Power to make regulations
- 65 Power to remove difficulties
- 66 Repeal and savin
