The Competition Act, 2002

The Competition Act, 2002 was enacted to promote competition in the Indian market and prevent anti-competitive practices. It provides for the establishment of the Competition Commission of India (CCI), which is responsible for enforcing the provisions of the Act. The Act prohibits anti-competitive agreements, abuse of dominant position by enterprises, and regulates mergers and acquisitions that may have an adverse impact on competition. The CCI has the power to investigate and impose penalties for violations of the Act. Additionally, the Act provides for the formation of the Competition Appellate Tribunal (CAT) to hear appeals against the orders of the CCI.