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Competition Commission of India

The Competition Commission of India (CCI) is a statutory body established in 2003 to prevent anti-competitive practices and promote market competition. Its key functions include investigating competition law violations, approving mergers and acquisitions, and educating the public on competition laws. The CCI plays a vital role in protecting consumer interests and ensuring fair competition in the market.

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54 views2 pages

Competition Commission of India

The Competition Commission of India (CCI) is a statutory body established in 2003 to prevent anti-competitive practices and promote market competition. Its key functions include investigating competition law violations, approving mergers and acquisitions, and educating the public on competition laws. The CCI plays a vital role in protecting consumer interests and ensuring fair competition in the market.

Uploaded by

Aamish Priyam
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Competition Commission of India (CCI)

Introduction
The Competition Commission of India (CCI) is a statutory body established in 2003 under
the Competition Act, 2002. Its main objective is to prevent practices that have an adverse
effect on competition in India and to promote and sustain competition in the market.
Objectives
The main objectives of the CCI are to:
 Prevent practices that have an adverse effect on competition in India
 Promote and sustain competition in the market
 Protect the interests of consumers and ensure freedom of trade
 Encourage and promote efficient use of resources
Powers and Functions
The CCI has several powers and functions to achieve its objectives, including:
 Investigating and enforcing competition laws
 Approving mergers and acquisitions
 Imposing penalties and fines on companies that violate competition laws
 Advising the government on competition-related policies and laws
 Educating the public about competition laws and their importance
Investigations and Enforcement
The CCI investigates and enforces competition laws in India. It has the power to investigate
any company, association of companies, or person that it believes is violating competition
laws. If the CCI finds that a company or person is in violation of competition laws, it can
impose penalties and fines and even order the company to divest assets or change its business
practices.
Merger and Acquisitions
The CCI also approves mergers and acquisitions to ensure that they do not have an adverse
effect on competition in the market. The CCI reviews all proposed mergers and acquisitions
and assesses whether they will result in a substantial lessening of competition. If the CCI
finds that a merger or acquisition will result in a substantial lessening of competition, it can
block the merger or acquisition or impose conditions on it to ensure that it does not harm
competition.
Impact
The CCI plays a crucial role in ensuring fair competition in the market and protecting the
interests of consumers. Its investigations and enforcement of competition laws help to
prevent anti-competitive practices and promote fair competition. Its approvals of mergers and
acquisitions help to ensure that these transactions do not harm competition. The CCI's
education and awareness campaigns on competition laws help to inform the public about the
importance of competition laws and how they can benefit consumers.
Conclusion,
The Competition Commission of India (CCI) is a statutory body established to prevent
practices that have an adverse effect on competition in India, promote and sustain
competition in the market, protect the interests of consumers and ensure freedom of trade,
encourage and promote efficient use of resources. The CCI has several powers and functions
such as investigations and enforcement, merger and acquisitions, imposing penalties and
fines, advise government on competition-related policies and laws, and educating the public
about competition laws and their importance to achieve its objectives.

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