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    Question

    As per the Competition Act any agreement entered into by

    any enterprise or person in respect of production, supply, distribution, storage, acquisition or control of goods or provision of services, which causes or is likely to cause an appreciable adverse effect on competition within India shall be ______________
    A Void Correct Answer Incorrect Answer
    B Valid Correct Answer Incorrect Answer
    C Illegal Correct Answer Incorrect Answer
    D Voidable Correct Answer Incorrect Answer
    E Unavoidable Correct Answer Incorrect Answer

    Solution

    Section 3. Anti-competitive agreements: (1) No enterprise or association of enterprises or person or association of persons shall enter into any agreement in respect of production, supply, distribution, storage, acquisition or control of goods or provision of services, which causes or is likely to cause an appreciable adverse effect on competition within India. (2) Any agreement entered into in contravention of the provisions contained in sub-section (1) shall be void.

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