Competition Commission of India

The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2007, prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and Mergers and acquisitions), which causes or likely to cause an appreciable adverse effect on competition within India.
The objectives of the Act are sought to be achieved through the Competition Commission of India, which has been established by the Central Government in 2003.

The Competition Commission of India (CCI) is a statutory body established under the Competition Act, 2002 for the administration, implementation and enforcement of the Act.
CCI consists of a Chairperson and 6 Members appointed by the Central Government.
The following are the objectives of the Commission.
- To prevent practices having adverse effects on competition
- To promote and sustain competition in markets
- To protect the interests of consumers and
- To ensure freedom of trade
The Commission is also required to give opinion on competition issues on a reference received from a statutory authority established under any law and to undertake competition advocacy, create public awareness and impart training on competition issues.

Finance and Corporate Affairs Minister Nirmala Sitharaman has urged the Competition Commission of India to adopt a ‘free market’ approach and become a market-friendly regulator to help businesses recover from COVID-19’s adverse effects.
Referring to the challenges of post-pandemic revival of enterprises, the Finance Minister stressed on the need for the CCI to proactively engage with industry so as to ensure that their legitimate claims are patiently heard while also making sure that knowingly or unknowingly, by omission or by commission market processes are not undermined.

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