Sisira Sreekumar, Christ (Deemed to be University), Bangalore, India
ABSTRACT
The Competition Commission of India (CCI) plays a major role as the principal regulator who sets the guidelines outlaws anti-competitive behaviour, and fosters competition in a market. It is crucial for the government to control the market and uphold a code of conduct that encourages healthy competition among all market participants The Central Government of India formed the Competition Commission in 2003 with the goals of eradicating anticompetitive activities, fostering and sustaining competition and defending consumer interests and also to ensure the freedom of commerce in Indian markets. Sections 3 and 4 of the Competition Act, which specify the laws governing anti-competitive agreements and the misuse of a dominating position in the market which gives the Competition Commission of India the major authority. Cartelization is one of the market's anti-competitive behaviours. When participants in a market agree to coordinate an arrangement to maximise profits, this is referred to as cartelization. Under the Indian Competition Act, cartelization is prohibited as an anti-competitive agreement.
Keywords: Cartelization, Aviation, Competition Act
