Gopal Silk Ltd. (referred to as seller), manufacturer of sarees, entered into an agreement with a purchaser for the sale of products. The agreement, inter alia , includes the following clauses: That the purchaser shall n
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2014
Gopal Silk Ltd. (referred to as seller), manufacturer of sarees, entered into an agreement with a purchaser for the sale of products. The agreement, inter alia , includes the following clauses: That the purchaser shall not deal with the goods, products, articles, by whatever name called, manufactured by any person other than the seller. That the purchaser shall sell the goods manufactured by the seller at the price as embossed on the price label of the sarees. However, the purchaser is allowed to sell the sarees at prices lower than those embossed on the price label. Examine the validity of the above clauses with relevant provisions of the Competition Act, 2002.
Topics: Competition Law
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