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Competition Commission of India (CCI) is a Statutory Body established under the Competition Act, 2002 to prevent practices having adverse effect on competition, to promote and sustain competition in markets while protecting the interests of the consumers. The Commission prepares and forwards to the Central Government an annual report giving a full account of its activities during the previous year, which is laid before each Houses of Parliament. The number of cases of cartelisation/unethical business practices reported to CCI in the last three years and current year under provisions of the Competition Act, 2002 are given below: -
Year | Number of Cases reported to CCI |
2012-13 | 94 |
2013-14 | 115 |
2014-15 | 128 |
2015-16 (Up to 23.02.2016) | 113 |
(Source : CCI)
The details of cases reported, action taken/penalty imposed by CCI on such companies during each of the last three years and the current year, company-wise/sector-wise are indicated in the Annexure – I to Annexure - IV.
Under the provisions of the Competition Act, 2002 the CCI is mandated, inter-alia, to impose penalties and/or issue cease and desist orders in cases of unethical practices such as anti-competitive agreements and abuse of dominance.
This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha.
Competition regulation: CCI empowered to impose penalties and cease-and-desist orders for anticompetitive agreements and abuse of dominance. The Competition Commission of India is established under the Competition Act, 2002 to prevent practices adversely affecting competition, promote market competition, and protect consumer interests; it must forward an annual report to the Central Government. The CCI is empowered to address anticompetitive agreements and abuse of dominance by imposing penalties and issuing cease-and-desist orders; recent years' statistics of reported cartelisation and enforcement actions are recorded in annexures.Press 'Enter' after typing page number.