Академический Документы
Профессиональный Документы
Культура Документы
MRTP Act, 1969 New Economic Policy 1991 Amendments to MRTP Act Competition Act 2002 Competition Policy 2006-07?
Bangkok.
A Quasi-Judicial Authority (Chairman (SC/HC Judge) and 2-8 members) Assisted by Dir Gen of Investigation MRTPC vested with powers of a Civil Court: cease and desist orders; injunction; award compensation, etc. Can make recommendations to Central Government on functioning of enterprises, when such functioning was detrimental to public interest Suo Moto action possible, though not used
7Up2 Meeting, June 27-28, 2006, Bangkok.
HOW? Through establishment of a Competition Commission of India (CCI) and Competition Appellate Tribunal (CAT)
7Up2 Meeting, June 27-28, 2006, Bangkok.
C. REGULATION OF COMBINATIONS: Includes M&As, Amalgamations, Acquisitions of control all above a certain high level threshold (Rs.1000 crore aggregate value of assets or Rs.3000 crore turnover of combining parties) Thresholds deliberately high to allow small Indian companies to combine to become active international players Combinations that cause or are likely to cause an adverse effect on competition are under focus (e.g., horizontal mergers between competitors; vertical merger by dominant player with firm in adjacent market, etc.) Pre-notification voluntary
7Up2 Meeting, June 27-28, 2006, Bangkok.
D. COMPETITION ADVOCACY: CCI to create culture of competition Empowered to participate in formulation of countrys economic policies Create awareness and training on competition issues Establishment of Competition Fund for above Recently asked to develop Consultation Paper on National Competition Policy (to harmonise various government policies)
7Up2 Meeting, June 27-28, 2006, Bangkok.
2004: UPA government elected despite India Shining belief NCMP commits to greater effort towards increasing competition and a competitive environment broad basing development 2005: GoI asks CCI to develop consultation paper on National Competition Policy 2005: CCI establishes Advisory Committee to develop draft National Competition Policy 2006: Planning Commission establishes Working Group on Competition Policy (for 11th Plan 7Up2 Meeting, June 27-28, 2006, 2007-12) Bangkok.