Evolution of Regulatory Roles

The regulatory landscape continues to evolve with the change being the only constant. Its been a legislative journey from the “command and control” mindset that prevailed at the time of “Licence Raj” to a more modem regulatory regime with the objective to enhance consumer welfare through sustaining competition in the marketplace. In this globalized era, the business activities in any part of the world can impact the Indian market, and vice-versa. This process of integration will only grow in future. The Competition is empowered to take cognizance of anti-competitive effects in the Indian market. The new competition law up to a new leaf. In this article, few issues that are meant to be tackled by the regulatory and redressed by courts towards the furtherance of competition policy are discussed.