Competition Commission of India (CCI)
CCI is a statutory, quasi-judicial body formed on the recommendations of Raghavan Committee. The Competition Act (2002) replaced the Monopolies and Restrictive Trade Practices Act (1969).
Composition
- CCI has a Chairperson and not more than 6 Members.
- The Chairperson and the members are appointed by the Union Government.
Functions
- It is the statutory duty 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.
- Make the markets work for the benefit and welfare of consumers.
- Ensure fair and healthy ....
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