Section 49
Competition advocacy.
About this 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.
1[(1) The Central Government may, in formulating a policy on
competition (including review of laws related to competition) or any other matter, and a State
Government may, in formulating a policy on competition or on any other matter, as the case may be,
make a reference to the Commission for its opinion on possible effect of such policy on competition and
on the receipt of such a reference, the Commission shall, within sixty days of making such reference, give
its opinion to the Central Government, or the State Government, as the case may be, which may thereafter
take further action as it deems fit.]
(2) The opinion given by the Commission under sub-section (1) shall not be binding upon the Central Government 2[or the State Government, as the case may be,] in formulating such policy.
(3) The Commission shall take suitable measures 3*** for the promotion of competition advocacy, creating awareness and imparting training about competition issues.
(2) The opinion given by the Commission under sub-section (1) shall not be binding upon the Central Government 2[or the State Government, as the case may be,] in formulating such policy.
(3) The Commission shall take suitable measures 3*** for the promotion of competition advocacy, creating awareness and imparting training about competition issues.
Notes
1. Subs. by Act 39 of 2007, s. 40, for sub-section (1) (w.e.f. 12-10-2007).
2. Ins. by s. 40, ibid. (w.e.f. 12-10-2007).
3. The words ", as may be prescribed," omitted by s. 40, ibid. (w.e.f. 12-10-2007).
2. Ins. by s. 40, ibid. (w.e.f. 12-10-2007).
3. The words ", as may be prescribed," omitted by s. 40, ibid. (w.e.f. 12-10-2007).