BareLaws
SECTION

Section 2 — Definitions

From: The Competition Act, 2002

2. Definitions .-In this Act, unless the context otherwise requires, -

(a)“acquisition ” means, directly or indirectly, acquiring or agreeing to acquire -
(i)shares, voting rights or assets of any enterprise; or
(ii)control over management or control over assets of any enterprise;
(b)“agreement ” includes any arrangement or understanding or action in concert, -
(i)whether or not, such arrangement, understanding or action is formal or in writing; or
(ii)whether or not such arrangement, understanding or action is intended to be enforceable by legal proceedings; 2[(ba) “Appellate Tribunal ” means the National Company Law Appellate Tribunal referred to in sub-section ( 1) of section 53A; ]
(c)“cartel ” includes an association of producers, sellers, distributors, traders or service providers who, by agreement amongst themselves, limit, control or attempt to control the production, distribution, sale or price of, or, trade in goods or provision of service s;
(d)“Chairperson ” means the Chairperson of the Commission appointed under sub-section ( 1) of