Levels the business playing field for all companies operating in the country, from the large foreign. Parliament had first proposed amendments to the competit. It is barely four years since our new competition law the competition act has become operational. Information technology act 2000 ministry of electronics. The competition act, 2002 was enacted by the parliament of india and governs indian. As discussed in the first chapter, the government of india enacted the information technology i. Features of patent law indian patent act the history of inventions begin with the invention of wheels but patents an exclusive right to owner to protect his invention and prohibits others from using it were granted in the 15 th century only. Salient features of competition act q2 free download as word doc. Main motive of the act was to promote the competition in the indian. The information technology act, 2000 some perspectives. Explain the meaning, relevance and features of the competition act, 2002. It is the primary law in india dealing with cybercrime and electronic commerce. The rules under the amended act have also been framed, which became effective from october 27, 2009. The salient features of competition act 2002 answers.
Salient features of competition act q2 competition law. This act applies to the whole of republic of india except for jammu and kashmir. Competition act 1998 is up to date with all changes known to be in force on or before 18 february 2020. Representation of peoples act 1951 was amended many times, the major amendment being made in 1966. It contains all the salient features of a prospectus. The competition act, 2003 provides for the setting up of a competition commission of india cci with a view to. The competition act, 2002 regulates the competition in india and prohibits undesirable agreements and combinations, which undermine the competition and adversely affect the price of the commodity. Indias information technology act, 2000 or it act, is a subject of contention and controversy.
This article highlights the salient amendments enacted by virtue of the amendment act to the competition act, which mainly concern the. Establishment of fast track dispute resolution mechanism for settlement of real estate. An act to provide, keeping in view of the economic development of the country, for the establishment of a commission to prevent practices having adverse effect on competition, to promote and sustain competition in markets, to protect the interests. Carried out by means of electronic data interchange, and other means of electronic communication, commonly referred to as electronic commerce to facilitate electronic filing of documents with government agencies and epayments to amend the indian. Objectives of the it actto provide legal recognition for transactions. Any changes that have already been made by the team appear in the content and are referenced with annotations. The act also covers situations where there is no actual agreement, but where the actions of trade associations. It replaced the archaic the monopolies and restrictive trade practices act, 1969. Salient features of the representation of peoples act clear ias. Explain the meaning, relevance and features of the. Salient features of the representation of peoples act.
Results indicate that marketing and competition benefits, essential benefits that support strategy and development. Initially patents were granted for nay common research and inventions it resulted in huge dissatisfaction amongst people and finally resulted. It is one of the policies defined to be important in the philippines ecommerce roadmap as the country takes steps in enacting measures to start resolving our internet connectivity challenges, among others. Substantial amendments to the competition act the salient features. This version of this act contains provisions that are prospective. This article was written by dr annalies muscat and dr laura spiteri the competition act and consumer affairs act and other laws amendment act the amendment act was enacted on 31 may 2019. Competition law notes by praveen kumar contents unit 1 4 1 define consumer complaint and service under the consumer protection act 1986 state commission cpa 1986 15 6 discuss unfair trade practice under the consumer protection act 1986 discuss the constitutional provisions regarding protection of customers 33 14 offences and penalties in ftc 56. The provisions relating to abuse of dominant position require determination of dominance in the relevant market. The competition act of india act o was enacted in r r as a result of indias pursuit of globalization and liberalization of the economy. Oecd report on patents and economic performance 17. Salient features of cci combination regulations 200. The designs act, 2000 which came into effect from may 11, 2001 replacing the earlier designs act, 1911. The communication deals with ecommerce in the backdrop of information technology act, 2000. Competition law notes by praveen kumar contents unit 1 4 1 define consumer complaint and service under the consumer protection act 1986 state commission cpa 1986 15 6.
Full text containing the act, competition act, 2002, with all the sections, schedules, short title, enactment date, and footnotes. Introduction of the act was a key step in indias march towards facing competition both from within the country and from international players. We provide all south africans equal opportunity to participate fairly in the national economy. W5 l2 salient features of competition act part 1 youtube. The term information includes any mode of information in any form of record, document, email, circular, press release, contract sample or electronic data etc. An act to make provision about competition and the abuse of a dominant position in the market. Mrtp act, was enacted to deal with monopolistic, restrictive and unfair trade practices, but due to certain limitations, competition act. Fundamentally the competition act, 2002 is a law that addresses antitrust issues. Explain the salient features of competition act, 2002.
Changes and effects are recorded by our editorial team in lists which can be. The competition act, 2002 objective of the competition act, 2002 an act, keeping in view of the economic development of the country, was laid down to provide for an establishment of a commission with the following object. A provision claiming priority from a design application filed in any convention country has been introduced. The act is of special significance to the smooth functioning of indian democracy, as it checks the entry of persons with criminal background into the representative bodies. In this article, we will look at the objectives and features of the information technology act, 2000. Competition act, 2002 bare acts law library advocatekhoj.
After some refinements, following extensive consultations and discussions with all interested parties, the parliament passed in december 2002 the new law, namely, the competition act, 2002. Pdf notes on competition act ajay r kamath academia. It is the largest written liberal democratic constitution of the world. Intellectual property has therefore grown into one of. On jan 2003 the president of india gave his assent. Since its inauguration on 26th january 1950, the constitution india has been successfully guiding the path and progress of india. Prevent practices having adverse effects on competition, advertisements. The competition act, 2002 was enacted to repeal the mrtp act. The committee presented its report on may 2000, the draft competition law was. The salient features of the information technology act, 2000 may briefly be stated as follows. There are many competitors who adopt evil ways to reduce the competition in the rival. The value of intellectual property, intangible assets and goodwill 15. Provided that different dates may be appointed for different provisions of this.
It replaces monopolies and restrictive trade practices act 1969. Protecting your intellectual property from competitors gressmedia. This not only provides the legal infrastructure for ecommerce in india but it simultaneously awards draconian powers to the police to enter and search, without any warrant, any public place for the purpose of nabbing cyber criminals and preventing cyber crime. It provides for a mixture of federalism and unitarianism, and flexibility and with rigidity. As it is amended, it contains some of the most stringent privacy requirements in the world and has the unfortunate impact of holding intermediaries liable for illegal content. The information technology act, 2000 or ita, 2000 or it act, was notified on october 17, 2000. Journal of intellectual property rights 2007 and 2009 16.
Right to information act, 2005 a popular government, without popular information, or the means of acquiring it, is but a prologue to a farce, or a tragedy. It is the law that deals with cybercrime and electronic commerce in india. Even intra company notes and memos, till now used only for official purposes, all said and done, the information technology act,2000 is a great achievement and a remarkable step ahead in the right direction. There are outstanding changes not yet made by the legislation. Competition act 2002 had replaced the monopolies and restrictive trade practices commission, 1969. Lengthiest written constitution articles 465, 25 parts, 12 schedules geography, history, both for centre and states, legal luminaries in the constituent assembly the british constitution can be found in a variety of documents. What is the salient features of the design act 2000. An act to provide, keeping in view of the economic development of the country, for the establishment of a commission to prevent practices having adverse effect.
Salient features of the competition act, 2002 objective of the act facilitate. The competition act, 2002 which passed on th january, 2003 is a laudable step towards harmonizing international trade policy. This act aims to provide the legal infrastructure for ecommerce in india and would have a major impact for ebusinesses and the new economy in india. This report discusses the legislative history of the competition act and analyzes salient jurispruden. Generally, an ebook can be downloaded in five minutes or less. The competition act, 2002 was enacted by the parliament of india and governs indian competition law. Revised legislation carried on this site may not be fully up to date. Further the competition act, 2002 does not restrict any persons right to. The act is not intended to prohibit competition in the market. Notification under itamendment act, 2008 it amendment act 20082. An act to provide, keeping in view of the economic development of the country, for the establishment of a commission to prevent practices having adverse effect on competition, to promote and sustain competition in markets, to protect the interests of consumers and to ensure freedom of trade carried on by other participants in markets, in india, and for matters. Information technology act 2000 ministry of electronics and.
Competition act, 2002 competition commission of india. The act provides legal recognition to ecommerce, which facilities commercial etransactions. Design act, 2000 brings about many changes which are observed in the features. Act with some major objectives to deliver and facilitate lawful electronic, digital, and online transactions, and mitigate cybercrimes. Competition commission of indiacci is advocacy for competition act 2002. Companies that engage in any form of digital marketing are best served by being proactive to prevent becoming a defendant of choice. As discussed below, private enforcement of section 74. The information technology act, 2000 also known as ita2000, or the it act is an act of the indian parliament no 21 of 2000 notified on 17 october 2000. This act has been updated to government gazette 40057 dated 9 june, 2016. Therefore, it is important to understand what are the various perspectives of the information technology act, 2000 and what it offers. New delhi, the 9th june, 2000jyaistha 19, 1922 saka the following act of parliament received the assent of the president on the 9th june, 2000, and is hereby published for general information.
Prior to the operationalization of the competition act in may 2009, mrtp act was the operational law that regulated certain aspects of competition. The act also covers situations where there is no actual agreement, but where the actions of trade associations or companies acting together have the same effect. This article discusses the salient features of the act. Objectives of competition act 2002 competition act 2002 notified in jan 2003 for establishment of a commission. Digital signature has been replaced with electronic. The act prohibits agreements which are intended to or have the effect of, preventing, restricting or distorting competition in the uk. Competition act, 2002 main features anticompetitive practices, section. Two of the main features of the competition act, 2002 is the framework it provides for the establishment of the competition commission, and. It accompanies the application form of public issues. Establishment and incorporation of real estate regulatory authority rera at every state in india for monitoring and adjudicating disputes relating to real estate projects section 20.
Digital signature has been replaced with electronic signature to make it a more technology neutral act. Essay on the competition act, 2002 economics discussion. Monopolies and restrictive trade practices mrtp act, 1969 was revoked and replaced by competition act, 2002. All you need to know about the salient features of the. On the 21st day of july 2015, the industry rejoice with the passage of the philippine competition act.
Information technology act 2000 notes in hindi information. To provide for the establishment of a competition commission responsible for the investigation, control and evaluation of restrictive practices, abuse of dominant position, and. The competition commission of india cci had replaced the. The us act, the sherman act, 1890 which prescribes agreements in restraint of trade, appears to be the earliest antitrust statute in the world. Curtail abuse of dominance, iii promote and sustain competition in. Salient features of the information technology act, 2000. Under this legislation, the competition commission of india was established to prevent the activities that have an adverse effect on competition in india. The competition act of 2002 was passed by the parliament of india so as to form a commission to oversee the business operations of companies and individuals in the country following fair practices of competition and economic growth of the country. To promote the efficiency, adaptability and development of the economy.
Difference between mrtp act and competition act with. India it act of 2000 information technology act termsfeed. There are changes that may be brought into force at a future date. Mar 24, 2017 knowing the difference between mrtp act and competition act, will help you understand the provisions relating to trade practices in a better way. The draft competition law was drafted and presented to the government in november 2000. Carried out by means of electronic data interchange, and other means of electronic communication, commonly referred to as electronic commerce to facilitate electronic filing of documents with government agencies and epayments to amend the indian penal code, indian evidence act. On december 16, 2002, the lok sabha passed a bill to replace the mrtp monopolies and restrictive trade practices act, 1969 which was enacted to curb the tendency to create monopoly in commerce, trade and industry. The constitution of india is a unique constitution.
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