1.

Vertical Agreements are agreements between enterprises or persons at different levels of

the production chain in different markets, are prohibited under Section 3(4) of the

Competition Act, 2002 if they cause or are likely to cause an appreciable adverse effect

on competition (AAEC) in India.

2. An "exclusive dealing agreement" includes any agreement restricting in any manner the

purchaser or the seller, as the case may be, in the course of his trade from acquiring or

selling or otherwise dealing in any goods or services other than those of the seller or the

purchaser or any other person, as the case may be.

3.
4. Also, there is an exclusive dealing agreement made by Jarvis 2.0 and Simbaa which

hinders the competition by restricting the technological know-how.

5. It is pertinent to mention here that with the integration of Jarvis 2.0 with Simbaa, the user

base of Simbaa increased from 30% to 38%. Additionally, the use of AI by Jarvis 2.0 is

termed as the use of black boxes. A black box is a system which can be viewed in terms

of its inputs and outputs (or transfer characteristics), without any knowledge of its internal

workings.

6. made between Banner Tape and BS is to license Jarvis 2.0 Exclusively for Simba

7. this exclusive agreement contains the use of AI The US Department of Justice ("DOJ")

filed charges against those involved in a price-fixing scheme in 2015 when they were

selling posters on Amazon Marketplace. The plan comprised an algorithm that applied the

sellers' pricing guidelines after gathering online competition pricing data. The DOJ

announced in a press statement that they will not put up with anti-competitive behaviour,

whether it takes place online with sophisticated pricing algorithms or in a room full of

smoke.
8. But herein the user-data shared is without the clients consent and therefore the Robo-

advisor is not only violating section 3 of the competition act but is also violating the

guidelines of SEBI.