An understanding has been reached among the manufacturers of cement to control the price of cement, but the understanding is not in writing and it is also not intended to be enforced by legal proceedings. Examine whether
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · December 2014
An understanding has been reached among the manufacturers of cement to control the price of cement, but the understanding is not in writing and it is also not intended to be enforced by legal proceedings. Examine whether the above understanding can be considered as an 'agreement' within the meaning of section 2(b) of the Competition Act, 2002.
Topics: Competition Law
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