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Competition

The Competition Commission of India (CCI) is the primary competition regulator established under the Competition Act, 2002, with the aim of promoting competition, protecting consumer interests, and ensuring free trade. CCI has the authority to investigate anti-competitive agreements, prevent abuse of dominance, and regulate mergers and acquisitions to maintain market competition. It operates as a quasi-judicial body with a multidisciplinary composition and the power to impose penalties and create regulations.

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10 views13 pages

Competition

The Competition Commission of India (CCI) is the primary competition regulator established under the Competition Act, 2002, with the aim of promoting competition, protecting consumer interests, and ensuring free trade. CCI has the authority to investigate anti-competitive agreements, prevent abuse of dominance, and regulate mergers and acquisitions to maintain market competition. It operates as a quasi-judicial body with a multidisciplinary composition and the power to impose penalties and create regulations.

Uploaded by

akshathajoshi345
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd

ESTABLISHMENT & POWERS OF THE

COMPETITION COMMISSION OF INDIA


Akshatha Joshi

[Link]
INTRODUCTION TO CCI

The Competition Commission of India (CCI) is the


chief competition regulator in India.
Established under the Competition Act, 2002.
Objective: Promote and sustain competition, protect
consumer interests, ensure freedom of trade

01
INTRODUCTION TO CCI

The Competition Commission of India (CCI) is the


chief competition regulator in India.
Established under the Competition Act, 2002.
Objective: Promote and sustain competition, protect
consumer interests, ensure freedom of trade

01
BACKGROUND

Predecessor: Monopolies and Restrictive Trade


Practices Commission (MRTPC) under MRTP Act, 1969.
Economic liberalisation (post-1991) showed the need
for modern antitrust legislation.
Raghavan Committee recommended replacing MRTP
Act → Competition Act, 2002 enacted.

01
ESTABLISHMENT OF CCI

The Competition Act, 2002 received Presidential


assent on 13 January 2003.
CCI was officially established in 2003; became fully
functional in 2009.
Headquarters: New Delhi.
CCI operates as a quasi-judicial, statutory body.

01
COMPOSITION OF CCI

Chairperson + minimum 2 and maximum 6 Members.


Appointed by the Central Government.
Members must have expertise in law, economics,
finance, public affairs, management, or similar fields.
Ensures multidisciplinary decision-making.

01
KEY POWERS OF CCI (SECTION
19 & 26)

CCI can inquire into anti-competitive agreements,


abuse of dominant position, and regulation of
combinations.
Inquiries may begin suo motu, based on information
received, or by Central/State Government reference.

01
POWER RELATING TO ANTI-
COMPETITIVE AGREEMENTS
(SECTION 3)

CCI evaluates horizontal & vertical agreements.


Can investigate cartels, price-fixing, bid-rigging,
market allocation, tie-in arrangements, exclusive
supply/distribution agreements, etc.
Can declare such agreements void.

01
POWER TO PREVENT ABUSE OF
DOMINANCE (SECTION 4
CCI assesses whether a firm holds dominant position in a relevant market.
Checks abuse such as:
Predatory pricing
Limiting production or technical development
Unfair/discriminatory conditions
Denial of market access
Exclusive dealing
Can impose penalties and corrective directions

01
REGULATION OF COMBINATIONS
(MERGERS & ACQUISITIONS) (SECTIONS 5
& 6)

CCI must approve combinations that cross financial thresholds.


Power to:
Approve combinations
Reject combinations
Propose modifications
Ensures M&As do not cause appreciable adverse effect on competition
(AAEC).

01
POWER TO IMPOSE PENALTIES (SECTION
27)

CCI must approve combinations that cross financial thresholds.


Power to:
Approve combinations
Reject combinations
Propose modifications
Ensures M&As do not cause appreciable adverse effect on competition
(AAEC).

01
POWER TO MAKE REGULATIONS (SECTION
64)

CCI can frame regulations governing procedure, filing requirements,


combination regulations, etc.
Ensures flexibility and responsiveness to market developments.

01
THANK YOU

10

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