Amunkete (2011) she defines competition policy as laws that are set to regulate anti-competitive practices and in the same breath promote competition in markets. The anti-competition practices results in inefficient allocation of resources and negative economic growth. A very good example of anti-competitive
BACKGROUND TO THE PROBLEM In order to enhance fairness in any market, there is a need to regulate business. The main effective way of having business regulated fairly is by having an effective law that can control it. The market that exists today can be monopolised by a few group of powerful people or company or state. Competition Law does not prohibit monopoly parse: what is prohibited is abuse of dominance. Fair competition and consumer protection is thus very important aspects in any trade and national development.
Competition laws apply to economic activity. The economic actors who carry out this activity are the ones whom the law confers rights and on whom the law imposes obligations. Amongst the current issues and challenges in South African Competition Law enforcement, is the uncertainty about whether parent companies could be held liable for cartel infringements committed by their subsidiaries. Section 4(1)(b) of the Competition Act prohibits competitors and potential competitors from fixing prices or other trading conditions, dividing markets or tendering in a collusive manner. On the other hand, section 4(1)(a) operates as a catch-all provision and prohibits any conduct that would substantially lessen or prevent competition.
1.0 Introduction of Company Amalgamated Industrial Steel Sdn. Bhd. (‘AIS’) was joined at first as a private limited company on 20 November 1969 and made history in being the first manufacturer of steel pipes in Malaysia. It was formed by a group of leading local hardware importers and consumers supported by Tokyo Boeki Limited and Kawasaki Steel Corporation, two Japanese associations which were famous in the steel industry. The company commenced operations with an initial paid-up capital of RM4 million, out of an authorized capital of RM10 million on 18 May 1971.
This can be understood from the fact that IMC may be accepted by companies but it is not possible to implement it effectively across all the subsidiaries of the company. Marketing activities need to be adjusted according to the area in which the company operates. One standardized message is not possible to be communicated across the
Yet some others advocate solutions that require balancing the policy considerations underpinning these two bodies of law. The main objective of competition policy and law is to preserve and promote competition, as a means to ensure efficient allocation of resources in an economy, resulting in the best possible choice of quality, the lowest
The Competition Act regulates mergers and acquisitions which results in distortion of the market. The Indian Competition Act is more in line with competition laws across the globe with its focus on promoting and maintaining competition as well as consumer welfare. .2. Background and Evolution of Competition Law in India Monopoly imposes heavy costs in every society. It is a conspiracy against the public to raise prices.
On 24th January 1976, the Burmah Shell Group of Companies was taken over by the Government of India to form Bharat Refineries Limited. On 1st August 1977, it was renamed Bharat Petroleum Corporation Limited. It was also the first refinery to process newly found indigenous crude (Bombay High), in the country. Prior to the nationalization of the Oil Companies, India was the battle ground of the Multinational Oil Companies like Caltex, Esso and Burmah Shell. Nationalization of the Oil companies changed the entire spectrum of this industry.
• Its ongoing education, healthcare and sustainable livelihood projects in Philippines, Thailand, etc. 1.2 ADITYA BIRLA GROUP HISTORICAL BACKGROUND The roots of the Aditya Birla Group date back to the 19th century in the scenic town of Pilani set among the Rajasthan desert. It was here that Seth Shiv Narayan Birla started trading in cotton, laying the foundation for the House of Birla. Through India 's burdensome times of the 1850s, the Birla business expanded rapidly. In the early part of the 20th century, the Group 's founding father, Mr. Ghanshyamdas Birla, set up industries in critical sectors such as textiles and fiber, aluminum, cement, and chemicals.
Consumer Protection Councils in India In order to provide for the constant reviews of the consumer protection policies at various levels as well as strengthen the function of advocacy in giving depth to the consumer rights in the Indian society, the Consumer Protection Act, 1986 provides for the setting up of the consumer protection councils at the national, state and district levels in the country. Designed to be the broad based consultative bodies, the organizational pattern of such bodies are conceptualized in the mould of public-private partnership in order to facilitate a better feedback and there by review of the policy in the area of consumer rights protection. The Consumer Protection Councils are very important and potent deliberative