Professional Documents
Culture Documents
Types of Cartels:
Cartels can be segregated into two categories:
1. Domestic Cartels; and
2. International cartels.
Companies must be deterred not only in the race with its competitors but also
with its culpable employees.
Individuals who cooperate through this program may receive non prosecution
for the anti-competitive activity they report. The inclusion of such a framework
within the Indian law can act as a watchdog of corporate transgression within
the organization. When the law makes provisions for jail sentences of culpable
executives, such individuals may out of the fear of imprisonment report and
help in effective detection of cartel activity.
interpret the evidence in its tme sense. Another suggestion could be to frame
specific mles for admissibility and evaluation of economic evidences like the
United States of America. The UK Competition Commission, but also most
recently the European Commission have adopted best practices (2010)
governing the submission of economic evidence in their proceedings.
To conclude, the CCI needs strengthening through functional guidelines for
its activities concerning economic approaches. Besides, there is a need for the
CCI to participate in
Bibliography
Primary Sources
Legislations:
1.Competition Act, 2002
2.Competition Amendment Act, 2007
3.Monopolistic and Restrictive Trade Practices Act, 1969