To understand the provisions of the Competition Act, understanding of the

following terms are defined in the act are very important.

(1) Acquisition- Sec 2(a) :
It means directly or indirectly, acquiring or agreeing to acqiure.
(a) shares, voting rights or assets oI any enterprise.
(b) control, over management or control over assests oI any
enterprise.

(2) Agreement - Sec 2(b) :
greement includes any
(a) arrangement or
(b) understanding or
(c) action in concert.

(3) CarteI - Sec 2(c) :
artel includes an association oI
(a) producers,
(b) sellers,
(c) distributors,
(d) traders or
(e) service providers.

(4) Consumer - Sec 2(f) :

onsumer means

(a) buyer oI goods or hirer oI services
(b) He must buy goods or hire services Ior consideration
(c) It also includes user oI the goods and beneIiciary oI services
(d) Person who purchases goods Ior commercial purpose is also a consumer.
(5) Enterprise - Sec 2(h) :
nterprise means a person or a department oI the Government, who or which is,
engaged in any activity relating to
(a) the production, storage, supply distribution, acquisition or control oI articles
or goods oI any kind, or
(b) the provision oI services, oI any kind, or
(c) in investment.

(6) Goods - Sec 2(i) :
Goods means goods as deIined in the Sales oI Goods ct, 1930 and includes
(a) products manuIactured, processed or mined;
(b) debentures, stocks and shares aIter allotment;
(c) In relation to goods supplied, distributed or controlled in India, goods
imported to India.