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on
Commissio
n
S.Y.B.B.I Group 3
Introduction
It is increasingly recognized that in a
sound business climate investors face
relatively low entry and exit barriers.
Competition Law & Policy result in equity
among producers and reduce rent-
seeking behaviour on their part.
The number of countries having a
competition law has risen from 35 in
1995 to around 106 as on date.
…
the Central Government has since
established the Competition Commission
of India (the Commission) having its
head office at New Delhi with effect from
14 October 2003.
The Commission consist of a Chairperson
and Min. 2 and Max. 6 other members
appointed by the Central Government.
The Commission has to give its opinion
within 60 days of the receipt of such
references.
Establishment of
commission
With effect from such date as the central
government may, by notification, appoint, there
shall be established , for the purpose of this act ,
a commission to be called the “ Competition
Commission of India.”
The Commission shall be a body corporate by the
name aforesaid having perpetual succession and
a common seal….
Head office of the Commission
Establish offices at other places in India
Composition of
Commission
Consist of a chairperson
Min. 2 and Max. 10 other members
Appointed by the central government.
Central government shall appoint during
the first year.
The Chairperson and every other Member
shall be a person of ability , integrity..
The Chairperson and other Member shall be
whole time Members
Powers of the commission
Duties of the Commission
To eliminate practices having adverse
effect on competition.
Promote and sustain competition.
Protect the interests of consumers.
Ensure freedom of trade carried on by
other participants, in markets in India.
Orders of the commission
The Commission can direct any enterprise
to discontinue with anti-competitive
practice i. e. cease and desist’ order.
Penalty up to 10% of the turnover.
The Commission has the power to modify
any agreement or
Direct an enterprise to abide by its orders.
Order division of an enterprise which
enjoys dominant position
Appeals
Sugar in Spain
SABCO , Kenya
Conclusion
India’s competition authority—the
Competition Commission of India (CCI)—
is in an incipient stage.
The fundamental economic rationale
behind the promotion of competition is
the reality of the scarcity of resources.
In order to carry out its mandate of
enforcement, CCI faces competing
demands upon its available resources.
Acknowledgement
We sincerely thank Prof. Mr. Vijay Joshi for
giving a chance to put light on
competition commission of India.
BIBLIOGRAPHY
www.cci.gov.in
2. www.google.com
3. www.asialaw.com