Question
Consider the following statements regarding Section 3 (Prohibitions on anti-competitive agreements) of the Competition Act, 2002: Statement 1: Section 3 prohibits agreements that directly or indirectly determine purchase or sale prices. Statement 2: Section 3 applies only to formal written agreements between competitors. Statement 3: Hub-and-spoke cartels involving a single distributor can violate Section 3 if coordinated. Statement 4: Vertical agreements between manufacturers and distributors are always prohibited under Section 3. Which statements are correct?
More Other Laws and Acts Questions
- What is Abridge Prospectus?
- An amendment to the constitution is__________.
- What is the time limit for filing an annual return by LLP?
- Consider the following statements regarding Section 66F (Cyber Terrorism) of the IT Act, 2000: Statement 1: Section 66F addresses unauthorized access to c...
- The maximum compensatory costs that can be imposed under Section 35A of CPC for false or vexatious claims or defences is:
- What does accomplice mean?
- Which of the following statements is correct?
- According to the Central Vigilance Commission Act, 2003 the Central Vigilance Commissioner shall hold office for a term of__________________________
- Which of the statements are correct relating to the nature of shares or debentures of a company?
- A Certifying Authority’s licence is suspended. During the period of suspension, it continues issuing electronic signature certificates. Which of the follow...
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt