Research Article

THE NEW COMPETITION REGIME iN INDIA: WHETHER A NEW WINE iN THE OLD BOTTLE

Volume: 3 Number: 1 June 30, 2008
  • Gaurav Jain
TR EN

THE NEW COMPETITION REGIME iN INDIA: WHETHER A NEW WINE iN THE OLD BOTTLE

Abstract

In 2002, Indian Parliament enacted a Competition Act which seeks to replace the Monopolies and Restrictive Trade practices Act, 1969. The erstwhile law, MRTP Act, 1969, was enacted in the era of licences, permit and control and was based on the social and economic philosophy enshired in the directive principles of the state policy contained in lndian constitution. In pursuit of globalization, India has responded by opening up its economy, removing controls and resorting to liberalization which geared its market geared to face competition from within and outside. Thus, keeping in view the economic developments of the country, to prevent practices having adverse effect on competition, to promote and sustain competition in markets, to protect the interest of consumers and to ensure freedom of trade carried on by participants in markets, in India, a new competition regime has been enacted which has made a historic shift bringing Indian competition laws and policies in the line of competition prevailing in the global market. The new act seeks to prohibit anti competitive agreements, abuse of dominance, and to regulate combinations. Far achieving the purposes of the act, the act empowers the Central Government to establish Competition Commission of India which is mandated to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers, and ensure freedom of trade carried on by other participants in the market in India and alsa to undertake competition advocacy far creating awareness and impart training on competition Law. The new Act brings a sea change difference in the competition law regime in India.

Keywords

References

  1. http://www.manupatra.com/

Details

Primary Language

English

Subjects

Law in Context (Other)

Journal Section

Research Article

Authors

Gaurav Jain This is me
India

Publication Date

June 30, 2008

Submission Date

February 22, 2008

Acceptance Date

May 15, 2008

Published in Issue

Year 2008 Volume: 3 Number: 1

APA
Jain, G. (2008). THE NEW COMPETITION REGIME iN INDIA: WHETHER A NEW WINE iN THE OLD BOTTLE. Erciyes Üniversitesi Hukuk Fakültesi Dergisi, 3(1), 343-360. https://izlik.org/JA79JY97YR
AMA
1.Jain G. THE NEW COMPETITION REGIME iN INDIA: WHETHER A NEW WINE iN THE OLD BOTTLE. ERUHFD. 2008;3(1):343-360. https://izlik.org/JA79JY97YR
Chicago
Jain, Gaurav. 2008. “THE NEW COMPETITION REGIME IN INDIA: WHETHER A NEW WINE IN THE OLD BOTTLE”. Erciyes Üniversitesi Hukuk Fakültesi Dergisi 3 (1): 343-60. https://izlik.org/JA79JY97YR.
EndNote
Jain G (June 1, 2008) THE NEW COMPETITION REGIME iN INDIA: WHETHER A NEW WINE iN THE OLD BOTTLE. Erciyes Üniversitesi Hukuk Fakültesi Dergisi 3 1 343–360.
IEEE
[1]G. Jain, “THE NEW COMPETITION REGIME iN INDIA: WHETHER A NEW WINE iN THE OLD BOTTLE”, ERUHFD, vol. 3, no. 1, pp. 343–360, June 2008, [Online]. Available: https://izlik.org/JA79JY97YR
ISNAD
Jain, Gaurav. “THE NEW COMPETITION REGIME IN INDIA: WHETHER A NEW WINE IN THE OLD BOTTLE”. Erciyes Üniversitesi Hukuk Fakültesi Dergisi 3/1 (June 1, 2008): 343-360. https://izlik.org/JA79JY97YR.
JAMA
1.Jain G. THE NEW COMPETITION REGIME iN INDIA: WHETHER A NEW WINE iN THE OLD BOTTLE. ERUHFD. 2008;3:343–360.
MLA
Jain, Gaurav. “THE NEW COMPETITION REGIME IN INDIA: WHETHER A NEW WINE IN THE OLD BOTTLE”. Erciyes Üniversitesi Hukuk Fakültesi Dergisi, vol. 3, no. 1, June 2008, pp. 343-60, https://izlik.org/JA79JY97YR.
Vancouver
1.Gaurav Jain. THE NEW COMPETITION REGIME iN INDIA: WHETHER A NEW WINE iN THE OLD BOTTLE. ERUHFD [Internet]. 2008 Jun. 1;3(1):343-60. Available from: https://izlik.org/JA79JY97YR

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