What do you mean by the term 'person' as given under the Competition Act, 2002?

CS Executive · Economic, Business and Commercial Laws · PYQS · December 2019
What do you mean by the term 'person' as given under the Competition Act, 2002?

Answer & Explanation:

In terms of Section 2(1) of the Competition Act, 2002 'person' includes- an individual; a Hindu undivided family; a company; a firm; an association of persons or a body of individuals, whether incorporated or not, in India or outside India; any corporation established by or under any Central, State or Provincial Act or a Government company as defined in section the Companies Act; any body corporate incorporated by or under the laws of a country outside India; a co-operative society registered under any law relating to co-operative societies; a local authority; every artificial juridical person, not falling within any of the preceding sub-clauses.

Topics: Competition Act, 2002

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