15th Foundation Day Event Of Competition Commission Of India (CCI)

15^th Foundation Day of Competition Commission of India (CCI) was recently celebrated.

About CCI:

• A statutory body that enforces the Competition Act, 2002, promoting competition and preventing activities with an appreciable adverse effect on competition in India.
• Established in 2003, it became fully operational in 2009 under the Competition Act, 2002.

Composition:

• Includes a Chairperson and 2-6 Members appointed by the Central Government.

Functions:

• Eliminate practices adversely affecting competition.
• Protect consumers’ interests.
• Promote and sustain competition in Indian markets.
• Ensure freedom of trade in Indian markets.
• Provide opinions on competition issues referred by statutory authorities.

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