COMPETITION ACT, 2002 (Principles and Practices)

Edition: 3rd edn. 2026

ISBN: 978-81-1956-534-4

Pages: 1096

Author: Professor (Dr.) V.K. AGARWAL

PART I INTRODUCTION PART II THE COMPETITION ACT, 2002 CHAPTER IPreliminary1. Short title, extent and commencement 2. Definitions CHAPTER IIProhibition of certain Agreements, Abuse of Dominant Position and Regulation of CombinationsProhibition of agreements3. Anti-competitive agreements Prohibition of abuse of dominant position4. Abuse of dominant position Regulation of combinations5. Combination 6. Regulation of combinations 6A. Open offers, etc. Chapter IIICompetition Commission of India7. 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 13. Administrative powers of Chairperson 14. Salary and allowances and other terms and conditions of services 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 Chapter IVDuties, Powers and Functions of Commission18. Duties and functions 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. Distribution of business amongst Commission and Benches 24. Procedure for deciding a case where Members of a Bench differ in opinion 25. Jurisdiction of Bench 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 29A. Issue of statement of objections by Commission and proposal of modifications 30. Procedure in case of notice under sub-section (2) of section 6 31. Orders of Commission on [* * *] combinations 32. Acts taking place outside India but having an effect on competition in India 33. Power to issue interim orders 34. Power to award compensation 35. Appearance before Commission 36. Power of Commission to regulate its own procedure 37. Review of orders of Commission 38. Rectification of orders 39. Execution of orders of Commission imposing monetary penalty 40. Appeal Chapter VDuties of Director General41. Director General to investigate contraventions Chapter VIPenalties42. Contravention of orders of Commission 42A. Compensation in case of contravention of orders of Commission 43. Penalty for failure to comply with directions of Commission and Director General 43A. Power to impose penalty for non-furnishing of information on combination 44. Penalty for making false statement or omission to furnish material information 45. Penalty for contraventions in relation to furnishing of information 46. Power to impose lesser penalty 47. Crediting sums realised by way of penalties to Consolidated Fund of India 48. Contravention by companies 48A. Settlement 48B. Commitment 48C. Revocation of the settlement or commitment order and penalty Chapter VIICompetition Advocacy49. Competition advocacy Chapter VIIIFinance, Accounts and Audit50. Grants by Central Government 51. Constitution of Fund 52. Accounts and audit 53. Furnishing of returns, etc., to Central Government Chapter VIIIAAppellate Tribunal53A. Appellate Tribunal 53B. Appeal to Appellate Tribunal 53C. Composition of Appellate Tribunal 53D. Qualifications for appointment of Chairperson and Members of Appellate Tribunal 53E. Selection Committee 53F. Term of office of Chairperson and Members of Appellate Tribunal 53G. Terms and conditions of service of Chairperson and Members of Appellate Tribunal 53H. Vacancies 53-I. Resignation of Chairperson and Members of Appellate Tribunal 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 compensation 53-O. Procedure 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 Court 53U. Power to punish for contempt Chapter IXMiscellaneous54. Power to exempt 55. Power of Central Government to issue directions 56. Power of Central Government to supersede Commission 57. Restriction on disclosure of information 58. Chairperson, Members, Director General, Secretary, officers and other employees, etc., to be public servants 59. Protection of action taken in good faith 59A. Compounding of certain offences 60. Act to have overriding effect 61. Exclusion of jurisdiction of civil courts 62. Application of other laws not barred 63. Power to make rules 64. Power to make regulations 64A. Process of issuing regulations 64B. Commission to issue guidelines 65. Power to remove difficulties 66. Repeal and saving PART IIIRULES, REGULATIONS & GUIDELINES1. Competition Commission of India (Combinations) Regulations, 2024 2. Competition Commission of India (General) Regulations, 2024 3. Competition Commission of India (Form of Publication of Guidelines) Rules, 2023 4. Competition (Minimum Value of Assets or Turnover) Rules, 2024 5. Competition Commission of India (Criteria of Combination) Rules, 2024 6. Competition Commission of India (Criteria for Exemption of Combinations), Rules, 2024 7. Competition Commission of India (Lesser Penalty) Regulations, 2024 8. Competition Commission of India (Determination of Monetary Penalty) Guidelines, 2024 9. Competition Commission of India (Commitment) Regulations, 2024 10. Competition Commission of India (Settlement) Regulations, 2