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 15: Vacancy, etc., not to invalidate proceedings of Commission.
    No act or proceeding of the Commission shall be invalid merely by reason of--
         (a) any vacancy in, or any defect in the constitution of, the Commission; or
         (b) any defect in the appointment of a person acting as a Chairperson or as a Member; or
         (c) any irregularity in the procedure of the Commission not affecting the merits of the case.
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