CorporateAct No. 12 of 2003In Force

The Competition Act, 2002

Establishes the Competition Commission of India (CCI) and prohibits anti-competitive agreements, abuse of dominant position, and combinations that cause appreciable adverse effect on competition in Indian markets. The 2023 amendment introduced deal value thresholds for merger notifications, a settlement and commitment mechanism, and reduced timelines for merger approvals.

Sections

Ministry

Ministry of Corporate Affairs

Last Amended

2023-04-11

Key Provisions

→Anti-competitive agreements — horizontal (cartels) and vertical agreements (S.3)

→Abuse of dominant position — predatory pricing, refusal to deal, tying (S.4)

→Merger control — mandatory notification above asset/turnover thresholds (S.5, S.6)

→Deal value threshold: INR 2,000 crore introduced in 2023

→CCI investigation and Director General powers

→Penalties: up to 10% of average turnover for three years

→Settlement and commitment mechanism (2023 amendment)

→Leniency programme for cartel members (S.46)

Related Practice Areas

mergers-acquisitions regulatory-compliance corporate-advisory

CCIcompetition lawanti-competitivecartelmerger controldominant positionCCI approval

Section-by-Section Reference

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Indian government legislation is in the public domain under S.52(1)(q) of the Copyright Act, 1957. This reference is for educational purposes. Laws are amended frequently — verify the current text on the e-Gazette of India before relying on it for legal proceedings.