ACTS TAKING PLACE OUTSIDE INDIA BUT HAVING AN EFFECT ON COMPETITION IN INDIA
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Abstract
In normal course of time when the legislature of a state enacts a statute or law its main objective is to control, direct or shape the conduct of the society and its members. But in this modern era, the era of Globalisation where the world altogether appears to be a global village, there are instances where for the good and efficient governance & for the welfare of the people at large the state has to take initiatives for the regulation of conduct of things happening beyond the territorial border of a nation. This is because in this globalized world, none of the states are independent (relying solely on ourselves), we all here nowadays are inter-dependent. One of the biggest e.g. of it can be the Economic Recession. Hence the present paper seeks to discuss the importance of Sec-32 of The Competition Act, 2002 i.e. “Acts taking place outside India but having an impact on competition in India” and problems annexed with this issue and to suggest the reforms/steps (if any required & possible) to put an end to issues & criticalities related to the said topic.
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