Functions of competition commission of india ppt

2020-01-29 20:04

the Competition Commission of India278. The Competition Act 2002 provides for the establishment of CCI to prevent those malpractices that adversely affect competition. Additionally, it was enacted to promote and sustain competition in markets as well as to protect the interests of consumers. The Competition Commission is the sole authority toFeb 24, 2013 Competition Commission of India. It foundthat there is a high concentration of economic powerin over 85 of industries in India2. The MRTP Act was amended twice in 1984& in1991. 3. In 1984 amendments brought unfair tradepractices in its ambit in order to protect consumer. In 1991 anti competitive conduct covered. 4. functions of competition commission of india ppt

It is the duty of the Commission to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India. The Commission is also required to give an opinion on competition issues on a reference received from a statutory authority established under any law and to undertake competition advocacy, create

the Commission, and the Commission shall within sixty days give its opinion. The opinion given by the Commission are not binding upon the Govt. Under Section 49 (3), The Commission is mandated to take suitable measures for the promotion of competition advocacy, creating awareness and imparting training about the competition issues. Functions of Competition Commission of India (CCI): It is the duty of the CCI to eliminate such practices that have adverse effect on competition. It is mandated to promote and sustain competition while protecting the interests of consumers. CCI ensures freedom of trade in the Indian market.functions of competition commission of india ppt Apr 23, 2018  Competition Commission of India was formed under Section 7 of the Act by the Central Government after the verdict of Supreme Court in the case of Brahma Dutt vs. Union of India [AIR 2005 SC 730 where the Court held that for the purpose of regulatory and advisory functions relating to competition in market, Competition Commission of India be established and for the purpose of adjudicatory functions, Competition Appellate Tribunal

Functions of competition commission of india ppt free

Dec 03, 2010 Competition Laws: Powers and Functions of the Competition Commission of India: The Law. The Bench observed as under; The decision of the Government of India to liberalize its economy with the intention of removing controls persuaded the Indian Parliament to enact laws providing for checks and balances in the free economy. functions of competition commission of india ppt The Role of Competition Commission of India in consumer welfare Introduction Competition is the foundation of efficiently working market systems. Its ultimate objective is to secure the interests of the consumers by providing quality products and services at a reduced cost. The Competition Act 2002( Act ) was enacted for the establishment of a Commission to prevent practices having adverse effect on competition, to promote and sustain competition in markets, to protect the interests of consumers and to ensure freedom of trade carried on by other participants in markets, in India, and for matters connected therewith or incidental thereto. CCI Duties, Powers and Control of Central Govt. The Competition Act 2002 provides a provision to establish a commission called Competition Commission of India (CCI) for execution of provisions of this act. Also act was amended in 2007 to create an appellate tribunal called CAT to hear appeal against decisions of CCI but only in defined cases. Feb 26, 2018 Download ppt from below link: FOR DOWNLOADING PPT VISIT OUR WEBSITE AND FOLLOW US ALSO FOLLOW US ON OUR FACEBOOK PAGE

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