Law · Competition Law

Which one of the following statements is correct regarding anti-competitive agreements under the Competition Act, 2002?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Anti-competitive agreements are always valid if made in writing.
2Any agreement entered into in contravention of the provisions contained in Section 3(1) shall be valid until declared void by the Court.
3Any agreement entered into in contravention of the provisions contained in Section 3(1) shall be voidable.
4Any agreement entered into in contravention of the provisions contained in Section 3(1) shall be void.✓

Correct answer

Any agreement entered into in contravention of the provisions contained in Section 3(1) shall be void.

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