About the Law: The antitrust law in India that is the Competition Act, 2002, and rules and regulations made thereunder regulates businesses in India to ensure a same level playing field and effective competition in the market. The Act deals with specific provisions for anti-competitive agreements; vertical and/or horizontal, exploitation/abuse of dominant position and combinations including merger, acquisition, amalgamation and joint venture. The objective of the Act is to promote competition, protect the interest of consumers, ensure freedom of trade and prevent practices having an appreciable adverse effect on competition.