The competition act, 2002 was amended by the competition amendment act, 2007 and again by the competition amendment act, 2009. Competition act, 2002 bare acts law library advocatekhoj. Omitted by the competition amendment act, 2007 23 24. This order shall come into operation on 1 may 2007. Competition commission of pakistan competition act. Competitionis a situation in a market in which firms or sellers independently strive for the buyers. The competition commission of india cci is an administrative or regulatory body formed under the competition act 2002 as amended vide competition amendment act 2007, and hereinafter referred to as the act. Competition amendment act 2007 in india bare acts, banking and insurance, business and corporate, constitutional, consumer laws, criminal law, energy, environmental, family and inheritance, heritage and national importance, immigration law, labor law, competition amendment act 2007 national security, others, procedural and administration, property related, public utilities, shipping laws. Mar 26, 2019 the competition commission of india cci had replaced the monopolies and restrictive trade practices commission, 1969. S 3492007 competition transitional provisions for section 34 prohibition regulations. Act to provide for the establishment of a competition commission responsible for the investigation, control and evaluation of restrictive practices, abuse of dominant position, and mergers. We provide all south africans equal opportunity to participate fairly in the national economy. Definitions 30 the definitions in this section apply in this part agreement.
S, 21, 4950, 5859, 7374, 82 amended by cooperative banks act 40 of 2007 from 1 aug 2008. An act to provide, keeping in view of the economic development of the country, for the establishment of a commission to prevent practices having adverse effect on competition, to promote and sustain competition in markets, to protect the interests of consumers and to ensure freedom of trade carried on by other participants in markets, in india, and for matters. Paged competition act no12 of 2010 kenya law reports. Short title this act may be cited as the competition act 2007. The following classes of merger or acquisition are specified for the purposes of section 18 1b of the act, namely. An act to provide for free competition in all spheres.
This compilation is affected by a retrospective amendment, please see competition and consumer legislation amendment act 2011 act no. This act may be cited as the competition act, 2007 and shall come into force on a date to be appointed by the minister by notice in the gazette. Reference manual and procedures for implementation f the. To regulate competition, enable the application of council regulation ec 12003 and provide for fair trading in malta. Competition authority and the competition tribunal, and for connected purposes l. Our enabling laws financial services commission mauritius. The act requires prior notice of proposed mergers or acquisitions that meet the notification thresholds stipulated in 4 of the competition merger control regulations 2007.
Water industry competition access to infrastructure services regulation 2007 under the water industry competition act 2006 published in gazette no 180 of 7 december 2007, page 9258 page 1 her excellency the governor, with the advice of the executive council, has made the following regulation under the water industry competition act 2006. Capital markets and services act 2007 act 671 incorporating latest amendment up to p. Repealed by the competition amendment act, 2007, sec. This act applies to the whole of republic of india except for jammu and kashmir. Securities central depository, clearing and settlement act 1996. This article describes indian antitrust law as it stands after the passage of this bill amending the earlier competition act of 2002. Notice on the passage of the federal competition and. To provide for the establishment of a competition commission responsible for the investigation, control and evaluation of restrictive practices, abuse of dominant position, and. Capital markets and services act 2007 acts securities. Water industry competition access to infrastructure. The competition act, 2010 ca 10 is a state of the art modern law which gives the competition commission of pakistan legal and investigative instruments and powers to engender free competition in all spheres of commercial and economic activity, enhance economic efficiency, and to protect consumers from anticompetitive behaviour the act applies to all undertakings. The competition act, 2002 was enacted by the parliament of india and governs indian competition law. An act to provide, keeping in view of the economic development of the country, for the establishment of a commission to prevent practices having adverse effect on competition, to promote and sustain competition in markets, to protect the interests of consumers and to ensure freedom of trade carried on by other participants in markets, in india. Competition act 2 of 2003 c in relation to goods or services which the minister, with the concurrence of the commission, declares, by notice in the gazette, to be exempt from the provisions of this act.
Competition amendment act 2007 indian bare acts india. Financial services act 2007 31 dec 2018 captive insurance act 2015. Currently, there is no act setting forth a pathway for fda approval of fobs whose reference drug was approved under the phsa. Competition amendment act 2007 in india bare acts, banking and insurance, business and corporate, constitutional, consumer laws, criminal law, energy, environmental, family and inheritance, heritage and national importance, immigration law, labor law, competition amendment act 2007 national security, others, procedural and administration, property. In accordance with the provisions of the amendment act, the competition commission of india and the competition appellate tribunal have been. Data exclusivity period length and federal government. An act to make provision about competition and the abuse of a dominant position in the market. Subsidiary legislation of competition act singapore. B 4102010 w hereas the process of competition encourages efficiency, innovation. Be it enacted by parliament in the fiftyeighth year of the republic of india as follows. Accordingly, the competition act, 2002 was framed and passed on the basis of recommendation of this committee. Independence and security act of 2007 or eisa, sections 374, 531, 532, and 7.
This version of this act contains provisions that are prospective. The competition act, 2002 was passed by the parliament in the year 2002, to which. An act to set up a competition commission, to make better provisions for the regulation of competition and for matters incidental thereto and connected therewith enacted by the parliament of mauritius, as follows part i preliminary 1. Competition act 89 of 1998 south african government. S 18 amended by competition 2nd amendment act 39 of 2000 from 1 feb 2000. It was subsequently amended by the competition amendment act, 2007. An act to provide for the general regulation of trade and commerce in respect of conspiracies, trade practices and mergers affecting competition. The law which seeks to, among other things, provide for the establishme. This act may be cited as the competition act, 2002. On tuesday, february 5, 2019, president muhammadu buhari signed the federal competition and consumer protection act into law.
In this article have explained the basic objectives of the competition act 2002. Essay on the competition act, 2002 economics discussion. Queensland competition authority act 1997 page 2 e application of part to local government entities and responsible local governments that are the same person for giving notices. Curtail abuse of dominance, iii promote and sustain competition in. If the commission determines this to be the case, it can prevent mergers or acquisitions, set conditions or require divestitures. I nterpretatio n 2 this act shall gome into force on such date or dates as the secretary of state may appoint by notice published in the. Competition act, 2002 competition commission of india.
Omitted by the competition amendment act, 2007 23 25. The gambia competition act of 2007 was enacted into law by the national assembly in banjul and assented by the president on the 5th october, 2007. In this order, act means the competition act 2002 no. This act established a competition regime in mauritius, under which the competition commission can investigate possible anticompetitive behavior by businesses. The competition act, 2002 was passed by the parliament in the year 2002, to which the president accorded assent in january, 2003. The competition commission of india cci had replaced the monopolies and restrictive trade practices commission, 1969. Competition act 152007 of 3rd july official state gazette no. Cci approves conditional acquisition of monsanto by bayer. This act shall come into operation on such day or days as the minister may appoint by order or orders either generally or with reference to any particular purpose or provision and different days may be so appointed for different purposes or different provisions. Later on, the government made some amendments through passing of competition amendment bill, 2007. Under this legislation, the competition commission of india was established to prevent the activities that have an adverse effect on competition in india.
This is an update of the 1979 reference manual and procedures for implementing purpa 1 that provided assistance to commissions and utilities when they were. An act to provide for the encouragement of competition in the economy by con trolling anticompetitive trade practices, mergers and acquisitions. Act anay be called the competition act, 2010 2 it extends to the whole of pakistan 3 it shall apply to all undertakings and all actions or matters that take place in pakistan and distort compel iaon. There are outstanding changes not yet made by the legislation.
It amended the competition act by deleting section 40 and introducing chapter viiia titled appellate tribunal. The competition act of 2002 was passed by the parliament of india so as to form a commission to oversee the business operations of companies and individuals in the country following fair practices of competition and economic growth of the country. Short title this act may be cited as the competition act, 2010. Interpretation in this act, unless the context otherwise requires. It replaced the archaic the monopolies and restrictive trade practices act, 1969. This revised act is an administrative consolidation of the competition act 2002. Amended by competition amendment act 1 of 2009 from date to be proclaimed. Omitted by the competition amendment act, 2007 23 26. The competition commission is a statutory body established in 2009 to enforce the competition act 2007. The competition act, 2003 provides for the setting up of a competition commission of india cci with a view to. Laws of malaysia act 712 competition act 2010 an act to promote economic development by promoting and protecting the process of competition, thereby protecting the interests of consumers and to provide for matters connected therewith. Competition act competition commission of india,government. Prior to the amendment, any person aggrieved by any decision or order of the competition commission of.
An act to promote competition in the supply of goods and services by establishing a commission, by prohibiting collusive agreements and bid rigging, by providing. This compilation is affected by a retrospective amendment, please see statute law revision act 2012 act no. Interconnected bodies any two bodies corporate are to be treated as interconnected if one of them is. Click here to view the act pdf file that opens in new window. The statute is made up of 11 parts with 61 sections and 2 schedules added. This order may be cited as the competition act 2002 section 18 5 and 6 order 2007. A roundtable discussion on collusion and corruption in public procurement was held at the ninth global forum on competition. Prevent practices having adverse effects on competition, advertisements. The competition amendment bill, 2007 a bill to amend the competition act, 2002. For section 9 of the principal act, the following section shall be substituted, substitution of namely.
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