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A Conceptual Study of Cartels in India and U.S.A

Author :
  • Rishabh Snehee
Abstract
Cartel provision and guidelines in the world provides a systematic approach. It is to control the enterprises and tries to prohibit their anti- competitive agreement practices, which could give adverse effect and become ex-checker load to any economy of a nation. These unhealthy competitive practices, ruins the smaller group of enterprises in the market of a state. Which in result makes the consumer a vulnerable one. On the contrary it prohibits the new entrant in the market for healthy competition and disturbs equilibrium of healthy competition in the market. It is detrimental and devastating in nature to both the small entrant as well as the consumers. Cartelization sometime appears to be such a virulent bird whose wings stretches to paramount extent under who’s shadow it camouflages illegal activities. These mushrooming acts lead to criminal world of drug cartel and drug trafficking emerges. In U. S and U. K, it falls under the provision of anti-trust laws, where it held as a criminal offence but in India, it is the aerie of DG (Director General) under CCI and falls under the provisions of Competition Act 2002. Lineincy provisions are stricter in U.S and U.K and imposed with high penalties whereas in India Leniency is provided to the informer and whistle blower just to detect it easily although penalties are much higher imposed in many cases.
Keywords : Cartels, Competition Act 2002, India, United State of America, CCI, Consumers
Volume 1 | Issue 4
DOI :