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of <h1>New Section 18 in Competition Act: Commission to Tackle Anti-Competitive Practices, Promote Fair Trade, and Protect Consumers.</h1> Section 18 of the principal Act is replaced by a new provision under the Competition (Amendment) Act, 2023. The revised section outlines the duties of the Commission, which include eliminating anti-competitive practices, promoting competition, protecting consumer interests, and ensuring trade freedom in Indian markets. The Commission is authorized, with prior approval from the Central Government, to enter into agreements with foreign agencies or domestic statutory authorities and government departments to fulfill its responsibilities. This amendment took effect on May 18, 2023, as per the specified notification.
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