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?

Q: Answer-What restrictions are placed on enterprises and individuals regarding agreements that affect competi...

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.

A Enterprises can freely enter into any agreements without regard for competition

B Agreements that do not affect competition are allowed, regardless of their nature

C No enterprise or person shall enter into agreements that cause or are likely to cause appreciable adverse effects on competition in India; such agreements shall be void

D Any agreement concerning goods or services must be approved by the government

E Agreements that benefit consumers are exempt from these regulations

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