India

• Pages: 1-66

CHAPTER 11

INDIA

India-3

CONTENTS

A.OVERVIEW ............................................................................................................ 5

1.General Policies Underlying Competition Laws ......................................... 5

a.Introduction ......................................................................................... 5

b.Principal Objectives ............................................................................ 8

2.Overview of Applicable Statutes ................................................................. 9

a.Competition Act .................................................................................. 9

3.Overview of Structure, Independence, and Jurisdiction

of Enforcement Agencies .......................................................................... 10



B.SUBSTANTIVE LAW ............................................................................................ 11

1.Anticompetitive Agreements and Practices ............................................... 11

a.Generally ........................................................................................... 11

b.Cartel Enforcement ........................................................................... 12

(1)Agreements Covered ................................................................ 12

(2)Investigatory Procedure ............................................................ 13

(3)Standard of Proof ..................................................................... 14

(4)Leniency Program .................................................................... 16

(5)Remedies and Sanctions ........................................................... 20

(6)Exemptions ............................................................................... 20

c.Treatment of Intragroup Conspiracy or Acts

by Related Companies ...................................................................... 21

d.Joint Ventures and Competitor Collaborations ................................. 24

e.Dawn Raids by the CCI .................................................................... 25

2.Vertical Agreements and Practices ............................................................ 26

a.Overview ........................................................................................... 26

(1)Tie-in Arrangements ................................................................ 28

(2)Exclusive Supply Agreements .................................................. 28

(3)Exclusive Distribution Agreements .......................................... 29

(4)Refusal to Deal ......................................................................... 29

(5)Resale Price Maintenance ........................................................ 30

b.Exemptions ....................................................................................... 30

3.Mergers and Acquisitions .......................................................................... 31

a.Transactions Covered ....................................................................... 31

b.Exemptions ....................................................................................... 32

c.Joint Ventures ................................................................................... 34

d.Notification ....................................................................................... 34

e.Obligation to File .............................................................................. 35

f.Public Announcement ....................................................................... 35

g.Investigatory Phase ........................................................................... 36

h.Clock Stops ....................................................................................... 37

i.Evaluation Criteria ............................................................................ 37

j.Modifications .................................................................................... 38

k.Procedure for Modifications ............................................................. 39

l.Appeals ............................................................................................. 39

m.Sanctions for Failing to File/Late Filing ........................................... 39