Question
What restrictions are placed on enterprises and individuals regarding agreements that affect competition within India, and what are the consequences of violating these restrictions?
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 competitionĀ within India. (2) Any agreement entered into in contravention of the provisions contained in sub-section (1) shall be void. Ā
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