Act Number: 12

Act Name: The Competition Act, 2002

Year: 2003

Enactment Date: 2003-01-13

Long Title: 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: Ministry of Corporate Affairs

Department:

Section 32: Acts taking place outside India but having an effect on competition in India
    The Commission shall, notwithstanding that,--
         (a) an agreement referred to in section 3 has been entered into outside India; or
         (b) any party to such agreement is outside India; or
         (c) any enterprise abusing the dominant position is outside India; or
         (d) a combination has taken place outside India; or
         (e) any party to combination is outside India; or
         (f) any other matter or practice or action arising out of such agreement or dominant position or combination is outside India,
have power to inquire 1[in accordance with the provisions contained in sections 19, 20, 26, 29 and 30 of the Act] into such agreement or abuse of dominant position or combination if such agreement or dominant position or combination has, or is likely to have, an appreciable adverse effect on competition in the relevant market in India1[and pass such orders as it may deem fit in accordance with the provisions of this Act].
Notes:
1. Ins. by Act 39 of 2007, s. 25 (w.e.f. 20-5-2009).
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