Competition Act 2002 :
Competition Act 2002 : all you need to know Introduction Competition Act 2002, was enacted with the purpose of preventing adverse competitive practices prevailing in the market which have appreciable adverse effect on competition, to promote and sustain fair competition in the market and to protect the interest of the consumers and to ensure freedom of trade. It is the successor of MRTP (Monopolies and restrictive trade practices) Act, 1969, which was more conservative and less liberal, and was framed as per then scenario of Indian economy . chess representing Caption