Competition commission of india

Recently, the competition of india (CCI) celebrated its 10th annual day on 20th may 2019.

Competition commission of india(CCI)

CCI is a statutory body established under the competition act,2002.

CCI was created to enforce the competition act to prohibits anti-competitive agreements,abuse of dominant position by enterprises and regulates combinations(acquisition,acquiring of control and M &A.

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 opionion 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.

CCI consists of a chairperson and 6 members appointed by the central government.