Wednesday, October 26, 2016

Meaning of the per-se rule of Section 3(3) of the Competition Act, 2002

Meaning of the per-se rule of Section 3(3) of the Competition Act, 2002
Any agreement in respect of production, supply, distribution, storage, acquisition or control of goods or provision of services, which causes or is likely to cause an appreciable adverse effect on competition within India, is an anti-competitive agreement. Such agreements are void agreements. The term ‘agreement’ includes any arrangement or understanding or action in concert whether or not formal or in writing or is intended to be enforceable by legal proceedings.
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