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    The remedies for the violation of Sections 3 and 4 of the Competition Act have been laid down under:
    Question

    The remedies for the violation of Sections 3 and 4 of the Competition Act have been laid down under:

    A.

    Section 26

    B.

    Section 27

    C.

    Section 42A

    D.

    Section 43A

    Correct option is B


    Section 27 of the Competition Act, 2002 empowers the Competition Commission of India (CCI) to pass orders upon finding contraventions of Section 3 (anti-competitive agreements) or Section 4 (abuse of dominant position). The CCI may issue directions to cease and desist, impose penalties, or modify agreements or conduct.
    Information Booster:
    · Section 3 prohibits practices like cartelization, bid-rigging, and exclusive supply agreements.
    · Section 4 addresses abuse of dominance, e.g., predatory pricing, refusal to deal, etc.
    · The CCI has wide-ranging powers to investigate, penalize, and regulate market behavior.

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