The Competition Act, 2002
Competition Actcentral
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 Number
12
Enactment
2003-01-13
Ministry
Ministry Of Corporate Affairs
Downloads
PRELIMINARY
Prohibition of agreements
Prohibition of abuse of dominant position
Regulation of combinations
COMPETITION COMMISSION OF INDIA
Section 7Establishment of Commission.Section 8Composition of Commission.Section 9Selection Committee for Chairperson and Members of Commission.Section 10Term of office of Chairperson and other Members.Section 11Resignation, removal and suspension of Chairperson and other members.Section 12Restriction on employment of Chairperson and other Members.Section 13Administrative powers of Chairperson.Section 14Salary and allowances and other terms and conditions of service of Chairperson and other Members.Section 15Vacancy, etc., not to invalidate proceedings of Commission.Section 16Appointment of Director-General, etc.Section 17Appointment of Secretary, experts, professionals and officers and other employees of Commission.
DUTIES, POWERS AND FUNCTIONS OF COMMISSION
Section 18Duties and functions of Commission.Section 19Inquiry into certain agreements and dominant position of enterprise.Section 20Inquiry into combination by commission.Section 21Reference by statutory authority.Section 21AReference by Commission.Section 22Meetings of Commission.Section 23Omitted.Section 24Omitted.Section 25Omitted.Section 26Procedure for inquiry under section 19.Section 27Orders by Commission after inquiry into agreements or abuse of dominant position.Section 28Division of enterprise enjoying dominant position.Section 29Procedure for investigation of combinations.Section 30Inquiry into disclosures under sub-section (2) of section 6.Section 31Orders of Commission on certain combinations.Section 32Acts taking place outside India but having an effect on competition in IndiaSection 33Power to issue interim orders.Section 34Omitted.Section 35Appearance before CommissionSection 36Power of Commission to regulate its own procedure.Section 37Omitted.Section 38Rectification of ordersSection 39Execution of orders of Commission imposing monetary penalty.Section 40Omitted.
DUTIES OF DIRECTOR GENERAL
PENALTIES
Section 42Contravention of orders of Commission.Section 42ACompensation in case of contravention of orders of CommissionSection 43Penalty for failure to comply with directions of Commission and Director General.Section 43APower to impose penalty for non-furnishing of information on combinations.Section 44Penalty for making false statement or omission to furnish material information.Section 45Penalty for contraventions in relation to furnishing of information.Section 46Power to impose lesser penaltySection 47Crediting sums realised by way of penalties to Consolidated Fund of India.Section 48Contravention by companies.
COMPETITION ADVOCACY
FINANCE, ACCOUNTS AND AUDIT
APPELLATE TRIBUNAL
Section 53AAppellate Tribunal.Section 53BAppeal to Appellate Tribunal.Section 53COmitted.Section 53DOmitted.Section 53EOmitted.Section 53FOmitted.Section 53GOmitted.Section 53HVacancies.Section 53IOmitted.Section 53JOmitted.Section 53KOmitted.Section 53LOmitted.Section 53MOmitted.Section 53NAwarding compensationSection 53OProcedures and powers of Appellate Tribunal.Section 53PExecution of orders of Appellate Tribunal.Section 53QContravention of orders of Appellate Tribunal.Section 53ROmitted.Section 53SRight to legal representation.Section 53TAppeal to Supreme CourtSection 53UPower to Punish for contempt.
MISCELLANEOUS
Section 54Power to exempt.Section 55Power of Central Government to issue directions.Section 56Power of Central Government to supersede Commission.Section 57Restriction on disclosure of informationSection 58Chairperson, Members, Director General, Secretary, officers and other employees, etc., to be public servantsSection 59Protection of action taken in good faith.Section 60Act to have overriding effectSection 61Exclusion of jurisdiction of civil courts.Section 62Application of other laws not barred.Section 63Power to make rulesSection 64Power to make regulations.Section 65Power to remove difficulties.Section 66Repeal and saving