12th Founding Day of Competition Commission of India

Union Ministry of Finance and Corporate Affairs virtually commemorated the 12^th Annual Day of the Competition Commission of India (CCI).

Context

Union Ministry of Finance and Corporate Affairs virtually commemorated the 12^th Annual Day of the Competition Commission of India (CCI).

About the Competition Commission of India (CCI)

• The CCI was established in 2009.
• It is a statutory body under the Competition Act, 2002.
• Competition Commission of India is the competition regulator in India. 
• Mandate: It promotes competition throughout India and to prevent activities that have an appreciable adverse effect on competition in India.
• Amendment: The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2007.
  • The Act prohibits anti-competitive agreements
  • abuse of dominant position by enterprises and regulates combinations
• Members: The Commission comprises a Chairperson and not less than 2 and not more than 6 other members appointed by the Central Government.