Competition Law.

Q21. Which parameters are applicable in relation to Competition Law in India?
Ans.
1. Prohibition of certain agreements, which are considered to be anti-competitive in nature. Such agreements namely tie in arrangements, exclusive dealing( supply and distribution), refusal to deal and resale price maintenance shall be presumed as anti competitive if they cause or likely to cause an appreciable adverse effect on competition within India.
2. Abuse of dominant position by imposing unfair or discriminatory conditions or limiting and restricting production of goods or services or indulging in practices resulting in denial of market excess or through in any other mode are prohibited.
3. Regulation of combinations which cause or likely to cause an appreciable adverse effect on competition within the relevant market in India is also considered to be void.