India, till 2002, did not have a law dealing specifically with anti-trust issues. It was in this context that a separate law dealing with competition and antitrust issues was considered necessary and the Competition Act, 2002, was passed. Enacted to fulfil India's obligations under the WTO agreements, the Act replaced the then existing Monopolies and Restrictive Trade Practices Act, 1969 (MRTP Act) which was considered inadequate and archaic for the purpose of meeting the objectives of competition policy.
- Comprehensively discusses the provisions of the Competition Act, 2002, along with the recent amendments to the Act in 2007 and 2009 respectively.
- Provides a detailed study of key issues including anti-competitive agreements, abuse of dominant position, and combinations (acquisitions and mergers).
- Undertakes a comparative study of competition law in the US, UK, and EU, with emphasis on important judgments.
- Explains the various provisions of the Act in a lucid language
This revised edition is essential reading and reference material for lawyers, advanced students of law and business management, economists, advisors to industry, legal journalists, and informed general readers.