What is Competition Commission of Mauritius?
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What is Competition Commission of Mauritius?
The Competition Commission is a statutory body established in 2009 to enforce the Competition Act 2007. This Act established a competition regime in Mauritius, under which the Competition Commission can investigate possible anticompetitive behavior by businesses.
What is the purpose of the Competition Commission?
The Competition Commission is empowered by the Competition Act to investigate, control and evaluate restrictive business practices, abuse of dominant positions and mergers in order to achieve equity and efficiency in the South African economy.
Does the Competition Commission still exist?
The Competition Commission closed on 1 April 2014. Its functions have transferred to the Competition and Markets Authority (CMA).
Who established Competition Commission?
the Central Government
The objectives of the Act are sought to be achieved through the Competition Commission of India, which has been established by the Central Government with effect from 14th October 2003. CCI consists of a Chairperson and 6 Members appointed by the Central Government.
What happened to the Monopolies Commission?
In 1999 the Monopolies and Mergers Commission was succeeded by the Competition Commission, an independent public body established by the Competition Act 1998. It replaced the Monopolies and Mergers Commission on 1 April 1999.
What are the main objectives of competition policy?
Competition policy has been generally viewed to achieve or preserve a number of other objectives as well: pluralism, de-centralisation of economic decision-making, preventing abuses of economic power, promoting small business, fairness and equity and other socio-political values.
Who is the chairman of Competition Act 2002?
(2) The Chairperson and every other Member shall be a person of ability, integrity and standing and who has been, or is qualified to be, a Judge of a High Court or has special knowledge of, and professional experience of not less than fifteen years in international trade, economics, business, commerce, law, finance.
Who was the person introduced the Competition Act, 2002?
Arun Jaitley
| The Competition Act, 2002 | |
|---|---|
| Commenced | 31 March 2003 |
| Introduced by | Arun Jaitley |
| Repeals | |
| The Monopolies and Restrictive Trade Practices Act, 1969 |
What did the Competition Act do?
The Competition Act contains both criminal and civil provisions aimed at preventing anti competitive practices in the marketplace. Its purpose is to maintain and encourage competition in Canada in order to: promote the efficiency and adaptability of the Canadian economy.
Is the Competition Commission part of the government?
The Competition Commission is a statutory body constituted in terms of the Competition Act, No 89 of 1998 by the Government of South Africa empowered to investigate, control and evaluate restrictive business practices, abuse of dominant positions and mergers in order to achieve equity and efficiency in the South …
When was the competition authority established?
The Norwegian Competition Authority was established on 1 January 1994, at the same time as the Norwegian Competition Act and the Price Policy Act came into effect. However, the history of Norway’s pricing and competition authorities can be traced all the way back to the start of World War I.
What is the role of competition policy authorities?
For example, competition policy includes regulatory reform policy which eases market entry barriers and guarantees equal business opportunities to market participants; injecting market principles into the process of privatization of state-run enterprises; playing the role of competition advocate in order to ensure …
What are the benefits of competition law?
Competition law enforcement promotes vigorous competition and prevents anticompetitive business practices to help ensure that consumers have access to quality goods and services at competitive prices, and that businesses compete on the merits of their work.
What are benefits of competition?
Healthy market competition is fundamental to a well-functioning U.S. economy. Basic economic theory demonstrates that when firms have to compete for customers, it leads to lower prices, higher quality goods and services, greater variety, and more innovation.
