The 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.2003
List of Chapters & Sections
PRELIMINARY
Prohibition of agreements
Prohibition of abuse of dominant position
Regulation of combinations
COMPETITION COMMISSION OF INDIA
DUTIES, POWERS AND FUNCTIONS OF COMMISSION
DUTIES OF DIRECTOR GENERAL
PENALTIES
COMPETITION ADVOCACY
FINANCE, ACCOUNTS AND AUDIT
APPELLATE TRIBUNAL
MISCELLANEOUS
PRELIMINARY
Prohibition of agreements
Prohibition of abuse of dominant position
Regulation of combinations
COMPETITION COMMISSION OF INDIA
7Establishment of Commission8Composition of Commission9Selection Committee for Chairperson and Members of Commission10Term of office of Chairperson and other Members11Resignation, removal and suspension of Chairperson and other members12Restriction on employment of Chairperson and other Members in certain cases13Administrative powers of Chairperson14Salary and allowances and other terms and conditions of service of Chairperson and other Members15Vacancy, etc., not to invalidate proceedings of Commission16Appointment of Director-General, etc17Appointment of Secretary, experts, professionals and officers and other employees of CommissionDUTIES, POWERS AND FUNCTIONS OF COMMISSION
18Duties of Commission19Inquiry into certain agreements and dominant position of enterprise20Inquiry into combination by commission21Reference by statutory authority21AReference by Commission22Meetings of Commission23Omitted24Omitted25Omitted26Procedure for inquiry under section 1927Orders by Commission after inquiry into agreements or abuse of dominant position28Division of enterprise enjoying dominant position29Procedure for investigation of combinations30Inquiry into disclosures under sub-section (2) of section 631Orders of Commission on certain combinations32Acts taking place outside India but having an effect on competition in Indi33Power to issue interim orders34Omitted35Appearance before Commissio36Power of Commission to regulate its own procedure37Omitted38Rectification of order39Execution of orders of Commission imposing monetary penalty40OmittedDUTIES OF DIRECTOR GENERAL
PENALTIES
42Contravention of orders of Commission42ACompensation in case of contravention of orders of Commissio43Penalty for failure to comply with directions of Commission and Director General43APower to impose penalty for non-furnishing of information on combinations44Penalty for making false statement or omission to furnish material information45Penalty for offences in relation to furnishing of informatio46Power to impose lesser penalt47Crediting sums realised by way of penalties to Consolidated Fund of India48Contravention by companiesCOMPETITION ADVOCACY
FINANCE, ACCOUNTS AND AUDIT
APPELLATE TRIBUNAL
53AEstablishments of Appellate Tribuna53BAppeal to Appellate Tribunal53CComposition of Appellate Tribuna53DQualifications for appointment of Chairperson and Members of Appellate Tribunal53ESelection Committe53FTerm of office of Chairperson and Members of Appellate Tribuna53GTerms and conditions of service of Chairperson and Members of Appellate Tribunal53HVacancies53IResignation of Chairperson and Members of Appellate Tribuna53JMember of Appellate Tribunal to act as its Chairperson in certain cases53KRemoval and suspension of Chairperson and Members of Appellate Tribunal53LRestriction on employment of Chairperson and other Members of Appellate Tribunal in certain cases53MStaff of Appellate Tribunal53NAwarding compensatio53OProcedures and powers of Appellate Tribunal53PExecution of orders of Appellate Tribunal53QContravention of orders of Appellate Tribunal53RVacancy in Appellate Tribunal not to invalidate acts or proceedings53SRight to legal representation53TAppeal to Supreme Cour53UPower to Punish for contemptMISCELLANEOUS
54Power to exempt55Power of Central Government to issue directions56Power of Central Government to supersede Commission57Restriction on disclosure of informatio58Chairperson, Members, Director General, Secretary, officers and other employees, etc., to be public servant59Protection of action taken in good faith60Act to have overriding effec61Exclusion of jurisdiction of civil courts62Application of other laws not barred63Power to make rule64Power to make regulations65Power to remove difficulties66Repeal and savin