Competition Act, 2002 was passed by the Parliament and assented to by the President of India on 13th January, 2003. The Ministry of Corporate Affairs, Government of India has issued a Notification dated 28th August 2009, whereby the most controversial the Monopolies and Restrictive Trade Practices Act, 1969 (“the MRTP Act”) stands repealed and is replaced by the Competition Act, 2002, with effect from September 1, 2009. The MRTP Commission will continue to handle all the old cases filed prior to September 1, 2009 for a period of 2 years.
Professional Opportunities:
Services that can be rendered by professionals in the field of Competition law are:
Advisory and Consultancy Services to enterprises
Drafting of anti-competitive agreements
Compliance of competition law audit
To work as Expert for Commission under Section 17
To appear before Commission under section 35
To appear before Competition Appellate Tribunal 53S Chapter VIIIA( Section 53A to 53U)
