Ensuring observance of ˜fair trade practices™ is a continuing process and now entrusted to the Competition Commission of India established under the Competition Act, 2002. Giving this information in written reply to a question in the Rajya Sabha today Shri Sachin Pilot, Minister of Corporate Affairs, said that the Commission has power to investigate and take remedial action in cases of anti-competitive agreements, abuse of dominant position, etc. which amount to unfair trade practices. The Commission takes action in case of violation of the above provisions.
Tags: Anti-competitive practices, Commission, Competition Act, Competition Commission of India, Fairtrade, India, Rajya Sabha, The Competition Act 2002