Press Information Bureau

Government of India

Ministry of Corporate Affairs

18-August-2011 16:02 IST

CCI

The Competition Commission of India has been constituted under Section 7 of the Competition Act, 2002 as amended in 2007.

The Competition Commission of India consists of a Chairperson and not less than two and not more than six other Members. Under Section 18 of the Competition Act, the functions of the Commission inter-alia are to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade carried on by other participants, in markets in India.

This information was given by the Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today in the Lok Sabha in reply to a written question whether the Government has constituted the Competition Commission of India (CCI) and the composition and functions of the said Commission.

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ST/-

Competition regulation oversight enables elimination of anti competitive practices and protection of consumer interests and promotion of fair market competition. The Competition Commission of India, constituted under Section 7, consists of a Chairperson and two to six Members. Under Section 18 its functions are to eliminate practices adversely affecting competition, promote and sustain competition, protect consumer interests, and ensure freedom of trade by market participants.