https://www.taxtmi.com/article/detailed?id=6742 The Competition Act addresses anti competitive agreements, abuse of dominant position and combinations, empowering the Commission to inquire, direct investigations or close matters, and to pass broad remedial orders including residuary directions. The Madras High Court held that the Act does not categorically prohibit compromises: the Commission may accept a memorandum of compromise provided it scrutinises whether the settlement would permit continuation of anti competitive conduct, allow abuse of dominance, or prejudice consumers or freedom of trade. Settlements may obviate full inquiries if they adequately protect public interest, but remain subject to Commission acceptance, rejection or modification. en-us Mon, 14 Mar 2016 12:19:42 +0530 Mon, 14 Mar 2016 12:19:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6742 The Competition Act addresses anti competitive agreements, abuse of dominant position and combinations, empowering the Commission to inquire, direct investigations or close matters, and to pass broad remedial orders including residuary directions. The Madras High Court held that the Act does not categorically prohibit compromises: the Commission may accept a memorandum of compromise provided it scrutinises whether the settlement would permit continuation of anti competitive conduct, allow abuse of dominance, or prejudice consumers or freedom of trade. Settlements may obviate full inquiries if they adequately protect public interest, but remain subject to Commission acceptance, rejection or modification. Articles Other Topics Mon, 14 Mar 2016 12:19:42 +0530 https://www.taxtmi.com/article/detailed?id=6742