What is Article 81 of the Treaty of Rome?
Art 81 forbids agreements between undertakings, decisions by associations of undertakings and concerted practices which may affect trade between Member States and which have as their object or effect the prevention, restriction or distortion of competition within the common market.
What problem does the prohibition of concerted practices aims to address?
Concerted practices and restriction of competition Article 101(1) TFEU prohibits concerted practices insofar as their object or effect is to prevent, restrict or distort competition in the internal market.
What is the Article 81?
Article 81 of the Constitution defines the composition of the House of the People or Lok Sabha. It states that the House shall not consist of more than 550 elected members of whom not more than 20 will represent Union Territories.
What could be an agreement under competition law?
Agreement is defined under Section 2(b) of the Competition Act[2]. Agreement is relating to production, supply, distribution, storage, acquisition or control of goods or services which causes or is likely to cause an appreciable adverse effect on competition in India shall be void.
What are examples of concerted practices?
Examples of risky concerted behaviour include:
- sharing with your competitors pricing and competitively sensitive information and data (eg.
- signalling to your competitors the timing or size of future price increases or reductions in discounts;
What does Article 102 Prohibit?
Article 102 of the Treaty on the Functioning of the European Union (TFEU) prohibits abusive conduct by companies that have a dominant position on a particular market.
Who adopted the Constitution of India?
the Constituent Assembly of India
On 26th November 1949, the Constituent Assembly of India adopted the Constitution of India, which came into effect from 26th January 1950.
What is the strength of Lok Sabha in 2021?
The maximum membership of the House allotted by the Constitution of India is 552 (Initially, in 1950, it was 500). Currently, the house has 543 seats which are made up by the election of up to 543 elected members and at a maximum.
What is an anti-competitive agreement?
Anti-competitive agreements are agreements among competitors to prevent, restrict or distort competition. Section 34 of the Competition Act prohibits agreements, decisions and practices that are anti-competitive. A particularly serious type of anti-competitive agreement would be those made by cartels.