Competition Commission of India(CCI)

19 May 2020

blog

 

  • 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. 

  • Head Quarters: New Delhi 

Objectives 

  • 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.

Purpose

  • To eliminate practices harming 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 an 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.