Question
Download Solution PDFWhich one of the following does not fall in the ambit of the objectives of the Competitions Act. 2002 in India?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFPrevention of monopolistic rights arising out of intellectual property does not fall in the ambit of the objectives of the Competitions Act. 2002 in India.
Important PointsObjectives of the Competition Act, 2002:
- To establish a commission, protect the interest of the consumers, and ensure freedom of trade in markets in India.
- To prohibit the agreements or practices that restrict free trading and also the competition between two business entities.
- To ban the abusive situation of the market monopoly,
- To provide the opportunity to the entrepreneur for the competition in the market.
- To have an international support and enforcement network across the world.
- To prevent anti-competition practices and to promote fair and healthy competition in the market.
Last updated on Jun 12, 2025
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