Competition Commission Of India

Subject – Governance

Context – CCI fines Maruti Suzuki ₹200 crore

Concept –

Competition Commission of India is a statutory body responsible for enforcing the objectives of the Competition Act, 2002.
CCI was established by the Central Government with effect from 14^th October 2003, but it became fully functional on 20^th May, 2009.
Composition – A Chairperson and 6 Members appointed by the Central Government.
Formation of CCI:
- The CCI was established under the provisions of the Competition act 2002:
- The Competition Act, 2007, was enacted after amending Competition Act, 2002, that led to the establishment of the CCI and the Competition Appellate Tribunal.
- The government replaced the Competition Appellate Tribunal (COMPAT) with the National Company Law Appellate Tribunal (NCLAT) in 2017.
Function of CCI – To eliminate practices having adverse effects on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India.