- Objective- To remove all impediments to competition among strong groups, whether they be private or public.
- Anti-agreements- No individual or business shall engage in production, transmission, or supply in a way that would harm competition in India.
- Abuse of dominating position-It will get deemed an abuse of dominant position if an enterprise or an associated individual is engaging in unfair or discriminatory acts.
- Combinations- It is described as terms that lead to acquisitions or mergers, CCI will investigate the parties involved if such combinations breach the Act’s restrictions.
- Consumer Protection Councils- To establish the councils at the National level, State level, and District level.
- Gun jumping- If the combining parties close a notified transaction before the approval, or have consummated a reportable transaction without bringing it to the Commission’s knowledge, it is seen as gun-jumping.
- Penalty- The penalty for gun-jumping was a total of 1% of the asset or turnover.
- Cartel- It includes an association of producers, sellers, distributors, traders or service providers who, by agreement amongst themselves, limit, control or attempt to control the production, distribution, sale or price of, or, trade in goods or provision of service.
- Cartelisation- It is one of the horizontal agreements that shall be presumed to have appreciable adverse effect on competition.
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