law: The Competition Act, 2002 
  2. Definitions.-
  In this Act, unless
  
  the context otherwise requires,- 
  a.  
  
    "acquisition"
  
  means, directly or indirectly, acquiring or agreeing to acquire- 
   
  
   i.  
  
    shares,
  
  voting rights or assets of any enterprise; or
   
  
  
  
   ii.  
  
    control
  
  over management or control over assets of any enterprise;
  a.  
  
  
  b.  
  
    "agreement"
  
  includes any arrangement or understanding or action in concert,- 
   
  
  
  
   i.  
  
    whether
  
  or not, such arrangement, understanding or action is formal or in writing; or
  whether
  
  or not such arrangement, understanding or action is intended to be enforceable
  
  by legal proceedings;
  a.  
  
  
  b.  
  
  
  
  
  c.  
  
    "cartel"
  
  includes an association of producers, sellers, distributors, traders or service
  
  providers who, by agreement amongst themselves, limit, control or attempt to control
  
  the production, distribution, sale or price of, or, trade in goods or provision
  
  of services;
  d.  
  
    "Chairperson"
  
  means the Chairperson of the Commission appointed under sub-section (1) of
  
  section 8;
  e.  
  
  
  
    "Commission"
  
  means the Competition Commission of India established under sub-section (1) of
  
  section 7;
  f.  
  
    "consumer"
  
  means any person who- 
   
  
   i.  
  
    buys
  
  any goods for a consideration which has been paid or promised or partly paid
  
  and partly promised, or under any system of deferred payment and includes any
  
  user of such goods other than the person who buys such goods for consideration
  
  paid or promised or partly paid or partly promised, or under any system of
  
  deferred payment when such use is made with the approval of such person,
  
  whether such purchase of goods is for resale or for any commercial purpose or
  
  for personal use;
  hires
  
  or avails of any services for a consideration which has been paid or promised
  
  or partly paid and partly promised, or under any system of deferred payment and
  
  includes any beneficiary of such services other than the person who hires or
  
  avails o the services for consideration paid or promised, or partly paid and
  
  partly promised, or under any system of deferred payment, when such services
  
  are availed of with the approval of the first-mentioned person whether such
  
  hiring or availing of services I for any commercial purpose or for personal
  
  use;
  a.  
  
  
  b.  
  
  
  c.  
  
  
  
  
  d.  
  
  
  e.  
  
  
  f.  
  
  
  g.  
  
    "Director
  
  General" means the Director General appointed under sub-section (1) of
  
  section 16 and includes any Additional, Joint, Deputy or Assistant Directors
  
  General appointed under that section;
  h.  
  
    "enterprise"
  
  means a person or a department of the Government, who or which is, or has been,
  
  engaged in any activity, relating to the production, storage, supply,
  
  distribution, acquisition or control of articles or goods, or the provision of
  
  services of any kind, or in investment, or in the business of acquiring,
  
  holding, underwriting or dealing with shares, debentures or other securities of
  
  any other body corporate, either directly or through one or more of its units
  
  or is located at the same place where the enterprise is located or at a
  
  different place or at different places, but does not include any activity of
  
  the Government relatable to the sovereign functions of the Government divisions
  
  or subsidiaries, w ether such unit or division or subsidiary not including all
  
  activities carried on by the departments of the Central Government dealing with
  
  atomic energy, currency, defence and space. Explanation.-For the purposes of
  
  this clause,- 
  a.   "activity"
  
  includes profession or occupation;
  b.   "article"
  
  
  
  includes a new article and "service" includes a new service;
  c.   "unit" or
  
  "division", in relation to an enterprise, includes- 
   
  
   i.  
  
  
  
    a
  
  plant or factory established for the production, storage, supply, distribution,
  
  acquisition or control of any article or goods;
   
  
   ii.  
  
    any
  
  branch or office established for the provision of any service;
  a.  
  
  
  b.  
  
  
  c.  
  
  
  d.  
  
  
  e.  
  
  
  f.  
  
  
  g.  
  
  
  
  
  h.  
  
  
  i.  
  
    "goods"
  
  means goods as defined in the Sale of Goods Act, 1930 (8 of 1930) and includes-
  
  
  A.   products
  
  manufactured, processed or mined;
  B.   debentures, stocks
  
  and shares after allotment;
  C.   in relation to goods
  
  supplied, distributed or controlled in India, goods imported into India;
  a.  
  
  
  b.  
  
  
  
  
  c.  
  
  
  d.  
  
  
  e.  
  
  
  f.  
  
  
  g.  
  
  
  h.  
  
  
  i.  
  
  
  j.  
  
    "Member"
  
  
  
  means a Member of the Commission appointed under sub-section (1) of section 8
  
  and includes the Chairperson;
  k.  
  
    "notification"
  
  means a notification published in the Official Gazette;
  l.  
  
    "person"
  
  includes- 
   
  
   i.  
  
    an
  
  individual;
  a
  
  Hindu undivided family;
   
  
   iii.  
  
    a
  
  company;
   
  
   iv.  
  
    a
  
  firm;
   
  
   v.  
  
    an
  
  association of persons or a body of individuals, whether incorporated or not,
  
  in India or outside India;
   
  
   vi.  
  
    any
  
  corporation established by or under any Central, State or Provincial Act or a
  
  Government company as defined in section 617 of the Companies Act, 1956 (1 of
  
  1956);
   
  
   vii.  
  
    any
  
  body corporate incorporated by or under the laws of a country outside India;
  
  (viii) a co-operative society registered under any law relating to co-operative
  
  societies;
   
  
   viii.  
  
    a
  
  local authority;
   
  
   ix.  
  
    every
  
  artificial juridical person, not falling within any of the preceding
  
  sub-clauses;
  a.  
  
  
  b.  
  
  
  c.  
  
  
  d.  
  
  
  e.  
  
  
  f.  
  
  
  g.  
  
  
  h.  
  
  
  i.  
  
  
  
  
  j.  
  
  
  k.  
  
  
  l.  
  
  
  m.  
  
    "practice"
  
  
  
  includes any practice relating to the carrying on of any trade by a person or
  
  an enterprise;
  n.  
  
    "prescribed"
  
  means prescribed by rules made under this Act;
  o.  
  
    "price",
  
  in relation to the sale of any goods or to the performance of any services,
  
  includes every valuable consideration, whether direct or indirect, or deferred,
  
  and includes any consideration which in effect relates to the sale of any goods
  
  or to the performance of any services although ostensibly relating to any other
  
  matter or thing;
  p.  
  
  
  
    "public
  
  financial institution" means a public financial institution specified
  
  under section 4A of the Companies Act, 1956 (1 of 1956) and includes a State
  
  Financial, Industrial or Investment Corporation;
  q.  
  
    "regulations"
  
  means the regulations made by the Commission under section 64;
  r.  
  
    "relevant
  
  market" means the market which may be determined by the Commission with
  
  reference to the relevant product market or the relevant geographic market or
  
  with reference to both the markets;
  s.  
  
    "relevant
  
  geographic market" means a market comprising the area in which the
  
  conditions of competition for supply of goods or provision of services or
  
  demand of goods or services are distinctly homogenous and can be distinguished
  
  from the conditions prevailing in the neighboring areas;
  t.  
  
    "relevant
  
  product market" means a market comprising all those products or services
  
  which are regarded as interchangeable or substitutable by the consumer, by
  
  reason of characteristics of the products or services, their prices and
  
  intended use;
  u.  
  
  
  
    "service"
  
  means service of any description which is made available to potential users and
  
  includes the provision of services in connection with business of any
  
  industrial or commercial matters such as banking, communication, education,
  
  financing, insurance, chit funds, real estate, transport, storage, material
  
  treatment, processing, supply of electrical or other energy, boarding, lodging,
  
  entertainment, amusement, construction, repair, conveying of news or
  
  information and advertising;
  v.  
  
    "shares"
  
  means shares in the share capital of a company carrying voting rights and
  
  includes- 
   
  
   i.  
  
    any
  
  security which entitles the holder to receive shares with voting rights;
  stock
  
  except where a distinction between stock and share is expressed or implied;
  a.  
  
  
  b.  
  
  
  c.  
  
  
  
  
  d.  
  
  
  e.  
  
  
  f.  
  
  
  g.  
  
  
  h.  
  
  
  i.  
  
  
  j.  
  
  
  k.  
  
  
  l.  
  
  
  m.  
  
  
  n.  
  
  
  o.  
  
  
  p.  
  
  
  
  
  q.  
  
  
  r.  
  
  
  s.  
  
  
  t.  
  
  
  u.  
  
  
  v.  
  
  
  w.  
  
    "statutory
  
  authority" means any authority, board, corporation, council, institute,
  
  university or any other body corporate, established by or under any Central,
  
  State or Provincial Act for the purposes of regulating production or supply of
  
  goods or provision of any services or markets therefor or any matter connected
  
  therewith or incidental thereto;
  x.  
  
  
  
    "trade"
  
  means any trade, business, industry, profession or occupation relating to the
  
  production, supply, distribution, storage or control of goods and includes the
  
  provision of any services;
  y.  
  
    "turnover"
  
  includes value of sale of goods or services;
  z.  
  
    words
  
  and expressions used but not defined in this Act and defined in the Companies
  
  Act, 1956 (1 of 1956) shall have the same meanings respectively assigned to
  
  them in that Act.