Competition Commission of India
INDEX
1. | Acknowledgement | 3 | 2. | Introduction | 4 | 3. | Overview | 5 | 4. | CCI – its establishment and composition | 9 | 5. | Functions and powers of the CCI | 12 | 6. | Leading case laws | 20 | 7. | Bibliography | 23 |
INTRODUCTION
Competition Commission of India is a body of the Government of India responsible for enforcing The Competition Act, 2002 throughout India and to prevent activities that have an adverse effect on competition in India.
The objectives of the Act are sought to be achieved through the Competition Commission of India (CCI), which has been established by the Central Government with effect from 14 October 2003. CCI consists of a Chairperson and 6 Members appointed by the Central Government. Ashok Chawla is the current Chairperson of the CCI. It is the duty of the Commission to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India. The Commission is also required to give opinion on competition issues on a reference received from a statutory authority established under any law and to undertake competition advocacy, create public awareness and impart training on competition issues.
The Competition Commission strives to:- 1. Make the markets work for the benefit and welfare of consumers. 2. Ensure fair and healthy competition in economic activities in the country for faster and inclusive growth and development of economy. 3. Implement competition policies with an aim to effectuate the most efficient utilization of economic resources. 4. Develop and nurture effective relations and interactions with sectoral regulators to ensure smooth alignment of sectoral regulatory laws in tandem with the competition law. 5. Effectively carry out competition advocacy and spread the information on benefits of competition among all stakeholders to establish and nurture competition culture in
1. | Acknowledgement | 3 | 2. | Introduction | 4 | 3. | Overview | 5 | 4. | CCI – its establishment and composition | 9 | 5. | Functions and powers of the CCI | 12 | 6. | Leading case laws | 20 | 7. | Bibliography | 23 |
INTRODUCTION
Competition Commission of India is a body of the Government of India responsible for enforcing The Competition Act, 2002 throughout India and to prevent activities that have an adverse effect on competition in India.
The objectives of the Act are sought to be achieved through the Competition Commission of India (CCI), which has been established by the Central Government with effect from 14 October 2003. CCI consists of a Chairperson and 6 Members appointed by the Central Government. Ashok Chawla is the current Chairperson of the CCI. It is the duty of the Commission to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India. The Commission is also required to give opinion on competition issues on a reference received from a statutory authority established under any law and to undertake competition advocacy, create public awareness and impart training on competition issues.
The Competition Commission strives to:- 1. Make the markets work for the benefit and welfare of consumers. 2. Ensure fair and healthy competition in economic activities in the country for faster and inclusive growth and development of economy. 3. Implement competition policies with an aim to effectuate the most efficient utilization of economic resources. 4. Develop and nurture effective relations and interactions with sectoral regulators to ensure smooth alignment of sectoral regulatory laws in tandem with the competition law. 5. Effectively carry out competition advocacy and spread the information on benefits of competition among all stakeholders to establish and nurture competition culture in
Bibliography: Competition Commission of India is a body of the Government of India responsible for enforcing The Competition Act, 2002 throughout India and to prevent activities that have an adverse effect on competition in India. OVERVIEW Competition Act, 2002 (Act) in India, marks a landmark shift in approach towards regulating business in India Section 7 of the Act empowers the Central Government to establish the Competition Commission of w.e.f. October 14, 2003, having its office held in New Delhi. * The Secretary in the Ministry of Law and Justice - Member; In accordance with the Competition Commission of India (Terms of the selection of Panel of Names) Rules, 2008.