At Zolvit, our legal team provides specialised services for antitrust violations in India, offering expert legal support to navigate the complexities of competition law and regulatory compliance. Whether you are facing allegations of anti-competitive practices, need assistance with compliance strategies, or are involved in an investigation by competition authorities, we provide comprehensive legal assistance to protect your business interests and ensure adherence to legal standards.
Antitrust violations, including practices like price-fixing, market allocation, bid-rigging, and abuse of dominant market position, are prohibited under the Competition Act, 2002. This legislation is enforced by the Competition Commission of India (CCI) to promote fair competition and prevent monopolistic behaviors. At Zolvit, we are well-versed in these legal frameworks and committed to offering robust legal strategies to address and resolve antitrust issues effectively.
For 40 years, India had a competition law called the Monopolies and Restrictive Trade Practices Act 1969 (MRTP Act). This law was based on the principle of "command and control" so that economic power wouldn't get concentrated in a few hands, which would hurt the public interest.
As a result, monopolistic and restrictive trade practices were forbidden. In 1991, after economic liberalization, a competition law regime that's responsive to the country's economic realities and consistent with international practices became increasingly essential.
To prevent practices that adversely affect competition (AAEC), the Indian Parliament passed the Competition Act 2002 (Competition Act) in 2002, which regulates business practices in India. Competition Act regulates anti competitive agreements, dominance abuse, and combinations. According to the Competition Act, the Indian Government notified anti competitive agreements and abuse of dominant positions on 20 May 2009. As of 11 June 2011, merger control provisions came into force under the Competition Act.