Who is "consumer" under the Competition Act, 2002 ?

CS Executive · Economic, Business and Commercial Laws · PYQS · December 2018
Who is "consumer" under the Competition Act, 2002 ?

Answer & Explanation:

As per Section 2(f) of the Competition Act, 2002, 'Consumer' means any person who: Buys any goods for a consideration which has been paid or promised or partly paid and partly promised, or under any system of deferred payment and includes any user of such goods other than the person who buys such goods for consideration paid or promised or under any system of deferred payment when such use is made with the approval of such person, whether such purchase of goods is for resale or for any commercial purpose or for personal use. Hires or avails of any services for a consideration which has been paid or promised or partly paid and partly promised, or under any system of deferred payment when such services are availed of with the approval of the first mentioned person whether such hiring or availing of services is for any commercial purpose or for personal use.

Topics: Competition Act, 2002

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