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Anti Competitive Agreements In The Competition Act 2002

It is considered to have significant negative effects on competition in India In this case, the ICC found that Hyundai breached, through exclusivity and exclusivity agreements, the provisions of Section 3, paragraph 4, point e), which are read in section 3, paragraph 1, of the Act, through agreements that have the effect of maintaining the resale price. Although the ICC imposed a penalty on Hyundai by UNR 87 Crore, it found that Hyundai`s illegal anti-competitive conduct in the case involved the establishment of agreements that led to the maintenance of the resale price by monitoring the maximum level of rebates through a discount control mechanism and a penalty mechanism for non-compliance with the rebate regime. Vertical agreements exist between companies at different stages of the production chain, such as an agreement between the manufacturer and a distributor.B. The presumed rule does not apply to vertical agreements. Whether the vertical agreement causes AAEC is determined by a basic rule. When a common sense rule is applied, the positive and negative effects of competition are analyzed. In determining whether an agreement is contrary to Section 3, paragraph 4, which is described in paragraph 3, paragraph 1, of the Act, the following five essential elements of Section 3, paragraph 4, must be fulfilled: ICC decision – The Commission has found that such agreements are in the nature of exclusive delivery, exclusive distribution agreements and refusal to act under Section 3 (4) of the Act , and the Commission therefore had to determine whether such agreements would have an AAEC in India. The Competition Act 2002 was passed by the Indian parliament to create a commission to protect consumer interests and ensure free trade in Indian markets. Prohibition of agreements or practices that restrict free trade and competition between two companies, To prohibit the abusive situation of market monopoly, To offer the operator the opportunity to compete in the market, to have the international network of support and enforcement worldwide, prevent anti-competitive practices and promote fair and healthy competition in the market. But before the Competition Act, there was the MRTP Act, The Monopolies and Restrictive Trade Practices Act, 1969, which ensure the concentration of economic power in the hands of a few empires.

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