The Competition Act, 2002, seeks to regulate
(A) and (B) above
The Competition Act, 2002 replaced the MRTP Act, 1969 and rests on three regulatory pillars: prohibition of anti-competitive agreements (Section 3), prohibition of abuse of dominant position (Section 4) and regulation of combinations, that is acquisitions, mergers and amalgamations above prescribed asset or turnover thresholds (Sections 5 and 6). The Competition Commission of India (CCI) enforces these provisions.
Anti-competitive agreements, such as cartels, bid rigging, price fixing and market sharing among competitors, are void under Section 3 if they cause an appreciable adverse effect on competition. This item is squarely within the Act.
Mergers and amalgamations are regulated as combinations: those crossing the thresholds must be notified to the CCI and can be blocked or modified if they are likely to harm competition. This item is also within the Act.
Unfair trade practices, which the MRTP Act used to cover, were not carried into the Competition Act. They were left to the Consumer Protection Act, 1986, which deals with misleading claims and similar practices that injure consumers. So the Act regulates anti-competitive agreements and mergers and amalgamations, but not unfair trade practices.
Hence, (A) and (B) above.
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