Act 12 of 2003

The Competition Act, 2002

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.

  • Ministry of Corporate Affairs
  • Enacted 2003-01-13
  • 92 sections
SectionTitle
1 Short title, extent and commencement. Read
2 Definitions. Read
3 Anti-competitive agreements. Read
4 Abuse of dominant position. Read
5 Combination. Read
6 Regulation of combinations. Read
7 Establishment of Commission. Read
8 Composition of Commission. Read
9 Selection Committee for Chairperson and Members of Commission. Read
10 Term of office of Chairperson and other Members. Read
11 Resignation, removal and suspension of Chairperson and other members. Read
12 Restriction on employment of Chairperson and other Members.Read
13 Administrative powers of Chairperson. Read
14 Salary and allowances and other terms and conditions of service of Chairperson and other Members. Read
15 Vacancy, etc., not to invalidate proceedings of Commission. Read
16 Appointment of Director-General, etc. Read
17 Appointment of Secretary, experts, professionals and officers and other employees of Commission. Read
18 Duties and functions of Commission.Read
19 Inquiry into certain agreements and dominant position of enterprise. Read
20 Inquiry into combination by commission. Read
21 Reference by statutory authority. Read
21A Reference by Commission. Read
22 Meetings of Commission. Read
23 Omitted. Read
24 Omitted.Read
25 Omitted.Read
26 Procedure for inquiry under section 19.Read
27 Orders by Commission after inquiry into agreements or abuse of dominant position.Read
28 Division of enterprise enjoying dominant position.Read
29 Procedure for investigation of combinations.Read
30 Inquiry into disclosures under sub-section (2) of section 6.Read
31 Orders of Commission on certain combinations.Read
32 Acts taking place outside India but having an effect on competition in IndiaRead
33 Power to issue interim orders.Read
34 Omitted.Read
35 Appearance before CommissionRead
36 Power of Commission to regulate its own procedure.Read
37 Omitted.Read
38 Rectification of ordersRead
39 Execution of orders of Commission imposing monetary penalty.Read
40 Omitted.Read
41 Director General to investigate contraventionRead
42 Contravention of orders of Commission.Read
42A Compensation in case of contravention of orders of CommissionRead
43 Penalty for failure to comply with directions of Commission and Director General.Read
43A Power to impose penalty for non-furnishing of information on combinations.Read
44 Penalty for making false statement or omission to furnish material information.Read
45 Penalty for contraventions in relation to furnishing of information.Read
46 Power to impose lesser penaltyRead
47 Crediting sums realised by way of penalties to Consolidated Fund of India.Read
48 Contravention by companies.Read
49 Competition advocacy.Read
50 Grants by Central Government.Read
51 Constitution of Fund.Read
52 Accounts and audit.Read
53 Furnishing of returns, etc., to Central Government.Read
53A Establishments of Appellate TribunalRead
53B Appeal to Appellate Tribunal.Read
53C Composition of Appellate TribunalRead
53D Qualifications for appointment of Chairperson and Members of Appellate Tribunal.Read
53E Selection CommitteeRead
53F Term of office of Chairperson and Members of Appellate TribunalRead
53G Terms and conditions of service of Chairperson and Members of Appellate Tribunal.Read
53H Vacancies.Read
53I Resignation of Chairperson and Members of Appellate TribunalRead
53J Member of Appellate Tribunal to act as its Chairperson in certain cases.Read
53K Removal and suspension of Chairperson and Members of Appellate Tribunal.Read
53L Restriction on employment of Chairperson and other Members of Appellate Tribunal in certain cases.Read
53M Staff of Appellate Tribunal.Read
53N Awarding compensationRead
53O Procedures and powers of Appellate Tribunal.Read
53P Execution of orders of Appellate Tribunal.Read
53Q Contravention of orders of Appellate Tribunal.Read
53R Vacancy in Appellate Tribunal not to invalidate acts or proceedings.Read
53S Right to legal representation.Read
53T Appeal to Supreme CourtRead
53U Power to Punish for contempt.Read
54 Power to exempt.Read
55 Power of Central Government to issue directions.Read
56 Power of Central Government to supersede Commission.Read
57 Restriction on disclosure of informationRead
58 Chairperson, Members, Director General, Secretary, officers and other employees, etc., to be public servantsRead
59 Protection of action taken in good faith.Read
59A Compounding of certain offences.Read
60 Act to have overriding effectRead
61 Exclusion of jurisdiction of civil courts.Read
62 Application of other laws not barred.Read
63 Power to make rulesRead
64 Power to make regulations.Read
64A Process of issuing regulations.Read
65 Power to remove difficulties.Read
66 Repeal and savingRead
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