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. It was established on 14 October, 2003.

- The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2007, follows the philosophy of modern competition laws. The Act prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and M&A), which causes or likely to cause an appreciable adverse effect on competition within India.

- CCI established to protect the interests of consumers and to ensure freedom of trade carried on by other participants in markets

- SC held that "The main objective of competition law is to promote economic efficiency using competition as one of the means of assisting the creation of market responsive to consumer preferences. The advantages of perfect competition are three-fold: allocative efficiency, which ensures the effective allocation of resources, productive efficiency, which ensures that costs of production are kept at a minimum and dynamic efficiency, which promotes innovative practices."

- CCI to achieve these objectives, 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.

- The Commission comprises of a Chairperson and six members.

- Establishment of Appellate Tribunal and Director General