Act 12 of 2003 — anti-competitive agreements, abuse of dominance, combinations; the law behind the market-structure module.
The sections below are the ones the LL.B. papers examine on this Act, with the unit that covers each and the cases decided on it. The official text is on India Code ↗.
Sections in the syllabus
s. 3
s. 3(3)
Covered in Unit 1 · Foundation of Economics.
s. 4
Covered in Unit 1 · Foundation of Economics.
s. 4(1)
s. 4(2)
s. 5
s. 7
s. 7(1)
s. 11B
s. 15
s. 16
s. 17
s. 22
s. 27(2)
s. 28
Cases on this Act
- Worked example 1 — Price elasticity of demand, calculated four ways
- Worked example 2 — Total outlay, tax incidence and why the burden shifts
- Worked example 3 — A price ceiling and a price floor, worked on the two curves
- Worked example 4 — Defining the relevant market with cross elasticity
- Worked example 5 — Natural monopoly: the cost arithmetic, and why the remedy is regulation
- Worked example 6 — Double counting, and the value added method that cures it
- Worked example 7 — Climbing the national income ladder, aggregate by aggregate
- Worked example 8 — Reading the sector-shares table of the Economic Survey
- Worked example 9 — Two poverty lines for one year: Tendulkar against Rangarajan
- Worked example 10 — Reading a trade cycle through its phases and indicators
- Worked example 11 — Classifying an enterprise as an MSME, and pricing a delayed payment
- Worked example 12 — Reading Budget at a Glance and computing the four deficits
- Worked example 13 — Building the monetary aggregates, item by item
- Worked example 14 — Reading a balance of payments statement
- Worked example 15 — The crisis and the reforms of 1991, as an episode
- Worked example 16 — Applying MFN, national treatment and tariff bindings to five measures