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WHAT ARE THE FUNCTIONS OF CCI?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 sonu soni asked over 2 years ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CA Sandeep Bohra answered over 2 years ago

> WHAT ARE THE FUNCTIONS OF CCI? --Competition Commission of India is a body of the Government of India responsible for enforcing The Competition Act, 2002 throughout India and to prevent activities that have an adverse effect on competition in India. --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 utilization 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.

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Picsjoin 2017224123730582 Archana answered over 2 years ago

Hie Sonu, - CCI shall prohibit anti-competitive agreements and abuse of dominance, and also regulate combinations (mergers or amalgamations or acquisitions) through a process of inquiry/investigation. - It shall give opinion on competition issues on a reference received from an authority established under any law (statutory authority)/ Central Government/ a State Government. - CCI is also mandated to undertake competition advocacy, create public awareness and impart training on competition issues.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Anil Dhawan answered over 2 years ago

CCI shall prohibit anti-competitive agreements and abuse of dominance, and also regulate combinations (mergers or amalgamations or acquisitions) through a process of inquiry/investigation. it shall give opinion on competition issues on a reference received from an authority established under any law (statutory authority)/ Central Government/ a State Government. CCI is also mandated to undertake competition advocacy, create public awareness and impart training on competition issues.

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