Competition Commission of India is a statutory body of the Government of India responsible for enforcing The Competition Act, 2002 throughout India and to prevent activities that have an appreciable adverse effect on competition in India. It was established on 14 October 2003. It became fully functional in May 2009 with Dhanendra Kumar as its first Chairman.
1 The Competition Act, 2002 2 Objectives
2.1 Preamble to the Competition Act
3 Composition 4 Notable cases 5 References 6 External links
The Competition Act, 2002
Main article: The Competition Act, 2002
The idea of Competition Commission was conceived and introduced in the
The Competition Act, 2002
"The main objective of competition law is to promote economic efficiency using competition as one of the means of assisting the creation of market responsive to consumer preferences. The advantages of perfect competition are three-fold: allocative efficiency, which ensures the effective allocation of resources, productive efficiency, which ensures that costs of production are kept at a minimum and dynamic efficiency, which promotes innovative practices."
Supreme Court of India
Preamble to the Competition Act An Act to provide, keeping in view of the economic development of the country, for the establishment of a Commission to prevent practices having adverse effect on competition, to promote and sustain competition in markets, to protect the interests of consumers and to ensure freedom of trade carried on by other participants in markets, in India, and for matters connected therewith or incidental thereto. To achieve its objectives, the Competition Commission of India endeavours to do the following:
Make the markets work for the benefit and welfare of consumers. Ensure fair and healthy competition in economic activities in the country for faster and inclusive growth and development of economy. Implement competition policies with an aim to effectuate the most efficient utilisation of economic resources. Develop and nurture effective relations and interactions with sectoral regulators to ensure smooth alignment of sectoral regulatory laws in tandem with the competition law. Effectively carry out competition advocacy and spread the information on benefits of competition among all stakeholders to establish and nurture competition culture in Indian economy.
Composition The Commission comprises a Chairperson and six members. Devender Kumar Sikri is the current Chairperson of the CCI. The members of the Competition Commission of India are:
M.L. Tayal S.L. Bunker Sudhir Mital Augustine Peter U. C. Nahta
In December 2010, CCI instituted a probe to examine if there was any
cartelisation among traders when onion prices touched 80 rupees, but
did not find sufficient evidence of market manipulation.
In June 2012, CCI imposed a fine of ₹63.07 billion
(US$970 million) 11 cement companies for cartelisation. CCI
claimed that cement companies met regularly to fix prices, control
market share and hold back supply which earned them illegal
In January 2013, CCI modified clauses in agreements between real
The Builder can not undertake any additional construction beyond the approved building plan given to the buyers. The builder will not have complete ownership of open spaces within the residential project area not sold. Not just the buyer but the builder will be liable for any defaults. All payments made by the buyers must be based on construction milestones and not "on demand". The builder will not have the sole power to form the owner’s association.
On 8 February 2018, it had fined google's parent company alphabet.inc for 135.86 cr rupees for 'search bias'
^ "Photo of CCI title". live mint. Retrieved 10 February 2013.
^ "Section 66 in The Competition Act, 2002". Retrieved 10 February
^ "CCI formation". CCI. Retrieved 4 January 2013.
^ "CCI through the eyes of the media: Doing well!". MoneyControl.com.
18 September 2012. Retrieved 4 January 2013.
^ "In fact: How India learnt to promote, and regulate, competition".
Retrieved 2 March 2017.
^ a b c d "The Competition Act – Act No. 12 of 2003" (PDF).
Competition Commission of India. Archived from the original (PDF) on
27 June 2012. Retrieved 10 October 2012.
^ "CCI – Organogram". Competition Commission of India. Retrieved 12
^ Venkatesh, Mahua (15 August 2013). "Competition panel to probe
hoarding, onion price rigging". Hindustan Times (
Official website The Competition Act, 2002 Competition Law Bare Act & Articles
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