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Section 49: Competition advocacy.

The Competition Act, 2002Central Act · Act 12 of 2003

[(1) The Central Government may, in formulating a policy on competition (including review of laws related to competition) or any other matter, and a State Government may, in formulating a policy on competition or on any other matter, as the case may be, make a reference to the Commission for its opinion on possible effect of such policy on competition and on the receipt of such a reference, the Commission shall, within sixty days of making such reference, give its opinion to the Central Government, or the State Government, as the case may be, which may thereafter take further action as it deems fit.]

(2) The opinion given by the Commission under sub-section (1) shall not be binding upon the Central Government [or the State Government, as the case may be,] in formulating such policy.

(3) The Commission shall take suitable measures *** for the promotion of competition advocacy, creating awareness and imparting training about competition issues.

Where this provision sits

ActThe Competition Act, 2002
Section49
Marginal noteCompetition advocacy.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • substituted, Act 39 of 2007. . Subs. by Act 39 of 2007, s. 40, for sub-section (1) (w.e.f. 12-10-2007).
  • inserted. . Ins. by s. 40, ibid. (w.e.f. 12-10-2007).
  • omitted. . The words ", as may be prescribed," omitted by s. 40, ibid. (w.e.f. 12-10-2007).

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