COMPETITION COMMISSION OF INDIA (CCI)

About:

• Status: A statutory body established under the provisions of The Competition Act, 2002.
  
  
• Established in: 2003.
  
  
• Composition: A Chairperson and 6 Members appointed by the Central Government.
  
  
• Headquarters: New Delhi.
  
  
• Preceding agency: Monopolies and Restrictive Trade Practices Commission.
  
  
• Mandate: To implement provisions of The Competition Act, 2002 which –
  • prohibits anti-competitive agreements and abuse of dominant position by enterprises
    
    
  • regulates mergers and acquisition (M&A) which can have an adverse effect on competition within India. Thus, deals beyond a certain threshold are required to get clearance from CCI.