Competition Commission of India is a statutory body of the Government of India responsible for enforcing The Competition Act, 2002 throughout India
It is responsible to prevent activities that have an appreciable adverse effect on competition in India
CCI consists of a Chairperson and 6 Members appointed by the Central Government
It is the duty of the Commission to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India
The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2007, follows the philosophy of modern competition laws
The Act prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and Merger and acquisition), which causes or likely to cause an appreciable adverse effect on competition within India
यथा ह्येकेन चक्रेण न रथस्य गतिर्भवेत्। एवं परुषकारेण विना दैवं न सिद्ध्यति।।
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