HOW DOES THE COMPETITION ACT EFFECT THE DEMAND

AND SUPPLY

Research proposal submitted in partial fulfillment for the course Economics-

1 for attaining the degree of B.A.LL.B. (H)

Month of submission: August

Year of Submission: 2018

CHANAKYA NATIONAL LAW UNIVERSITY,

NYAYA NAGAR, MITHAPUR, PATNA, BIHAR (800001)

INTRODUCTION
The Competition Act, 2002 was enacted by the Parliament of India and governs Indian
competition law. It replaced the archaic The Monopolies and Restrictive Trade Practices Act,
1969. Under this legislation, the Competition Commission of India was established to prevent the
activities that have an adverse effect on competition in India. This act extends to whole of India
except the State of Jammu and Kashmir.

It is a tool to implement and enforce competition policy and to prevent and punish anti-competitive
business practices by firms and unnecessary Government interference in the market. Competition
laws is equally applicable on written as well as oral agreement, arrangements between the
enterprises or persons.

The Competition Act, 2002 was amended by the Competition (Amendment) Act, 2007 and again
by the Competition (Amendment) Act, 2009.

This is an act 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 restricts 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 the international support and enforcement network across the world,
 To prevent from anti-competition practices and to promote a fair and healthy competition in
the market

AIM AND OBJECTIVES

The aim of this project is

1. To study the Competition Act, 2002

2. To study the provisions of MRTP Act, 1969
3. To study the market forces of demand and supply
RESEARCH QUESTIONS
1. What is the background of MRTP Act, 1969?
2. What are the main provisions of Competition Act, 2002?
3. What is the effect of this act on demand and supply of any product?

HYPOTHESIS

1. The researcher presumes that competition act is not protects the consumers.
2. The researcher presumes that CCI is not able to prevent practices having adverse effect
on competition.

SOURCES OF DATA:

The researcher has relied on both primary and secondary sources of data to complete the project.

Primary Sources:-

1. COMPETITION ACT, 2002

2. MONOPOLIES TRADE AND RESTRICTIVE PRACTICES ACT, 1969

Secondary Sources:-

1. BOOKS
2. JOURNALS
3. MAGAZINES
4. NEWSPAPERS

Tentative Chapterization

1. What is Competition?
2. Background of MRTP Act, 1969
3. Prohibitions of agreements
 4. Types of anti-competitive agreements
5. Conclusion

Bibliography

1. Primary Sources
1.1. COMPETITION ACT, 2002
1.2. MONOPOLIES RESTRICTIVE AND TRADE PRACTICES ACT, 1969
2. Secondary Sources
2.1. Books
2.2. Journals
2.3. Newspaper
3. Web Pages