Objectives:
The competition plays a key role in ensuring productive, efficient, innovative, and
responsive markets. The consumers are ensured availability of ‘goods’ and ‘services’ in
abundance of acceptable quality at affordable price. But if the anti-competitive practices take
precedence in the market, the consumers and the economy of the nation both will be adversely
affected. Hence, to prevent such situation and to ensure fair competition in the market the
Competition Act, 2002 was enacted. This Course is designed to give the students an insight into
the Competition Act, 2002. It enables the students to understand the role of competitive market
in the economic development of the country, anti-competitive practices and its impact on socio-
legal scenario of the country.
Course contents:
UNIT-I
Competition policy and economics
the function of Competition Law
Overview of the Practices
Controlled by Competition Law
Constitutional provisions regulating trade.
UNIT-II
Sherman Antitrust Act, 1890
Relevant provisions of Clayton Act, 1914
Relevant provisions of the Federal Trade Commission Act, 1914
Salient features of U.K. Competition Act, 1998;
(U.K.) Enterprise Act, 2002.
UNIT-III
Overview of the Monopolies and Restrictive Trade Practices Act, 1969;
the relevant provisions of Consumer Protection Act, 1986;
the Competition Act, 2002; definitions; prohibition of anti-competitive agreements, abuse of dominant position and regulation of combinations.
UNIT-IV
Competition Commission of India; composition of Commission; duties, powers and functions of Commission.
UNIT-V
Duties of Director general;
Penalties;
Competition advocacy
Prescribed books:
Richard Whish & David Bailey, Competition Law, 7′ ed., (New York: Oxford University Press, 2012).
Mittal D. P., Competition Law and Practice, 3rd ed., (New Delhi: Taxmann Publications (P.) Ltd, 2010).
Roy Abir & Jayant Kumar, Competition Law in India, (Kolkata: Eastern Book House, 2008).
Reference books:
Dugar S. M., Commentary on the MRTP Law, Competition Law & Consumer Protection Law, Vol. I & I1, 4′ ed.. Nagpur: Lexis Nexis Butterworths Wadhwa, 2006).
Dhall Vinod (ed.), Competition Law today – Concepts, Issues & the Law in Practice, (New Delhi: Oxford University Press, 2007).