Mr. R. Prasad, Member of the Competition Commission of India during his talk while providing an insight into the background and evolution of Competition Law across the globe, covered in depth the developments which led to the enactment of Competition Law in India and setting up of Competition Commission of India. The objectives and essential components of the Competition Act were explained by him quoting from specific cases to highlight their importance with particular reference to formation of cartels, public procurement, e-procurement, abuse of dominance and need to provide a level playing field to ensure that benefits of the Competition Law are rightfully passed on to the actual consumer and society at large.

Mr. R.N. Sahay, Advisor, Competition Commission of India assisted Mr. R. Prasad in his presentation.

The Guest Lecture was organized by PetroFed under its series of Guest Lectures and Thought Leadership Programmes on July 22, 2011, New Delhi. The lecture and interactive session that followed generated intense involvement from the participants in seeking clarification on some of the important aspects of the Competition Law with particular  reference to the mergers and acquisition.

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