Press Information Bureau

Government of India

Ministry of Corporate Affairs

13-December-2012 19:34 IST

The Government has said that the Competition Commission of India has been set up under the provisions of the Competition Act, 2002 and is fully functional to eliminate practices having adverse effect on competition, including cartelization by companies. This information was given in written reply to a question in the Lok Sabha today by Shri Sachin Pilot, Minister of Corporate Affairs.

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KKP

Competition enforcement: authority established to prevent cartelisation and other anti competitive corporate conduct. A competition authority has been established under the Competition Act and is fully functional to address practices with an adverse effect on competition, including detecting and eliminating cartelisation by companies, thereby enforcing competition norms and corporate compliance.