INTEGRATED RESEARCH JOURNAL OF MANAGEMENT, SCIENCE AND INNOVATION
ISSN 2582-5445 (online)
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EMERGING TRENDS IN COMPETITION LAW: AN ANALYSIS
1 Author(s): SUKHCHARAN SINGH CHAHAL
Vol - 8, Issue- 2 , Page(s) : 137 - 144 (2021 ) DOI : https://doi.org/10.32804/IRJMSI
The present paper aims to study evolution of Competition law in India. What were the reasons that MRTP Act became obsolete and there came the need of a new law? Why Competition Law has become so important for a developing country like India? The paper seeks these involving questions. It is mostly based on secondary resources where report and statuary laws of Competition Commission of India is observed empirically. The CCI as a statutory authority ensures that no enterprise should flourish which has intention to indulge in anticompetitive practices (cartel formation, predatory pricing, etc.). Any enterprise cannot be allowed to amalgamate or merge. The Competition Commission Of India keeps a check on these activities and even levies high penalties.