What do you understand by "Anti-Competitive Agreement" under Competition Act, 2002?
CS Executive · Economic, Business and Commercial Laws · PYQS · December 2020
What do you understand by "Anti-Competitive Agreement" under Competition Act, 2002?
Answer & Explanation:
An anti-competitive agreement under the Competition Act, 2002 is an agreement having appreciable adverse effect on competition. Anti-competitive agreements include, but are not limited to:- agreement to limit production and/or supply; agreement to allocate markets; agreement to fix price; bid rigging or collusive bidding; conditional purchase/sale (tie-in arrangement); exclusive supply / distribution arrangement; resale price maintenance; and refusal to deal.
Topics: Competition Act, 2002
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