The Competition Act, 2002
Chapter IV Duties,
Powers and Functions of Commission
18. Duties of
Commission.-
Subject to the
provisions of this Act, it shall be the duty of the Commission to eliminate
practices having adverse effect on competition, promote and sustain
competition, protect the interests of consumers and ensure freedom of trade
carried on by other participants, in markets in India: Provided that the
Commission may, for the purpose of discharging its duties or performing its
functions under this Act, enter into any memorandum or arrangement with the
prior approval of the Central Government, with any agency of any foreign
country.