Competition Commission of India.

Question

13 Jul 2023

Answer :

Word Count : 467

The Competition Commission of India (CCI) is a statutory body established under the Competition Act, 2002, with the objective of promoting and sustaining competition in the market and protecting the interests of consumers in India. In this 400-word note, I will provide an overview of the Competition Commission of India, its functions, and its significance in ensuring fair competition.

The CCI was established in 2003 and became fully functional in 2009. It operates independently and is responsible for enforcing competition laws, preventing anti-competitive practices, and promoting healthy competition in various sectors of the Indian economy. The Commission consists of a Chairperson and a maximum of six Members, appointed by the Central Government.

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