19 May 2020
Competition Commission of India (CCI) is a statutory body of Govt. of India.
It was established by the Central Government with effect from 14th October 2003.
It is responsible for enforcing the Competition Act, 2002.
The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2007, follows the philosophy of modern competition laws.
The Act prohibits anti-competitive agreements, abuse of dominant position by enterprises, and regulates combinations (acquisition, acquiring of control, and M&A), which causes or likely to cause an appreciable adverse effect on competition within India.
Membership: Chairperson and six members.
Competition Commission of India aims to establish a robust competitive environment through:
Proactive engagement with all stakeholders, including consumers, industry, government, and international jurisdictions.
Being a knowledge-intensive organization with high competence level.
Professionalism, transparency, resolve, and wisdom in enforcement.