The Competition Act, 2002

• It should be noted that on the recommendations of the Raghavan committee, the Monopolies and Restrictive Trade Practices Act, 1969 (MRTP Act) was repealed and replaced by the Competition Act, 2002.
• The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2007
• In accordance with the provisions of the Amendment Act, the Competition Commission of India and the Competition Appellate Tribunal have been established
• he government of India replaced Competition Appellate Tribunal (COMPAT) with the National Company Law Appellate Tribunal (NCLAT) in 2017.
• The provisions of the Competition Act relating to anti-competitive agreements and abuse of dominant position were notified on May 20, 2009

Source: The Indian Express