Section 21A of CA, 2002 : Section 21A: Reference By Commission
CA, 2002
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Explanation using Example
Example of Section 21A of The Competition Act, 2002:
Imagine a scenario where a telecommunications company, "FastCom", is under investigation by the Competition Commission of India (CCI) for alleged anti-competitive practices. During the proceedings, FastCom argues that the CCI's anticipated decision may conflict with regulations enforced by the Telecom Regulatory Authority of India (TRAI), which is the statutory authority for telecommunications.
In this context, the CCI decides to utilize Section 21A of The Competition Act, 2002, and makes a reference to TRAI to seek its opinion on the matter. TRAI is expected to provide its opinion within 60 days, and the CCI will consider this opinion before making its final decision regarding the alleged anti-competitive practices of FastCom.