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Section 49, Chapter VII, Competition Act 2002: Competition Advocacy

Section 49 under Chapter VII (Competition Advocacy) of the Competition Act, 2002: Competition Advocacy

(1) The Central Government may, in formulating a policy on competition (including review of laws related to competition) or on any other matter, and a State Government may, in formulating a policy on competition or on any other matter, as the case may be, make a reference to the Commission for its opinion on possible effect of such policy on competition and on the receipt of such a reference, the Commission shall, within sixty days of making such reference, give its opinion to the Central Government, or the State Government, as the case may be, which may thereafter take further action as it deems fit.

(2) The opinion given by the Commission under sub-section (1) shall not be binding upon the Central Government or the State Government, as the case may be, in formulating such policy.

(3) The Commission shall take suitable measures for the promotion of competition advocacy, creating awareness and imparting training about competition issues.





Extra Notes for Readers

(1) Section 49 was modified by the Competition (Amendment) Act 2007 (Act 39 of 2007), s. 40, (w.e.f. 12-Oct-2007), as follows:

 o sub-section (1) was substituted;

 o in sub-section (2), after the words "Central Government", the words "or the State Government, as the case may be," were inserted;

 o in sub-section (3), after the words "suitable measures", the words ", as may be prescribed," were omitted.





This page was last updated on 26th May, 2017.

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