What is the role of CCI?
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What is the role of CCI?
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.
Who is the Chairman of Competition Commission of Pakistan?
Ms. Rahat Kaunain Hassan
Ms. Rahat Kaunain Hassan is the second and current Chairperson of the Competition Commission of Pakistan since July 2010.
What does Competition Commission of Pakistan do?
The Commission prohibits abuse of a dominant position in the market, certain types of anti-competitive agreements, and deceptive market practices. It also reviews mergers of undertakings that could result in a significant lessening of competition.
What is CCI approval?
Under the Competition Act, Mergers and Acquisitions (M&As) or combinations beyond a certain threshold require approval from the CCI. Amendments have now been notified to Form – II, which generally pertains to cases requiring detailed examination to assess the likely effect of the combination on competition in India.
How do I report a competition?
using the online reporting form. email: [email protected]. call: 020 3738 6888.
How many members are in the Competition Commission of Pakistan?
two members
The Commission comprises of two members, including the Chairperson.
Is competition Commission a tribunal?
The Competition Appellate Tribunal is a statutory organization established under the provisions of the Competition Act, 2002 to hear and dispose of appeals against any direction issued or decision made or order passed by the Competition Commission of India under sub-sections (2) and (6) of section 26, section 27.
What is competition law Pakistan?
The Competition Act, 2010 (CA ’10) is a state of the art modern law which gives the Competition Commission of Pakistan legal and investigative instruments and powers to engender free competition in all spheres of commercial and economic activity, enhance economic efficiency, and to protect consumers from …
How many members does CCI have?
CCI consists of a Chairperson and 6 Members appointed by the Central Government. 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.
What is CCI full form?
Competition Commission Of India. The Competition Commission of India (CCI) was established in March 2009 by Government of India under the Competition Act, 2002 for the administration, implementation, and enforcement of the Act. Eliminate practices having adverse effect on competition. Promote and sustain competition.
How long does CCI approval take?
As far as the CCI is concerned, the overall prescribed statutory time period to review the combination and pass a final order is 210 calendar days from the date of filing of the notification, and in limited situations, where remedies may be warranted, 270 days to disapprove or approve the transaction.
Which company got approval from CCI?
CCI approves acquisition of L AMC by HSBC Asset Management The transaction involves the acquisition by HSBC AMC and its nominees of 100 per cent share capital of L AMC from L Finance Holdings Ltd and its nominees, a notice filed with the regulator said.
How do I report unfair competition?
You can also submit your report by email to [email protected] or by post to: Competition Division, Financial Conduct Authority, 12 Endeavour Square, London E20 1JN….Report competition law infringements
- Current Start.
- The subject of the complaint, its conduct and effects.
- Market conditions.
- Complete.
How do I contact competition and Markets Authority?
If you need assistance filling out this form, please email [email protected] or call 020 3738 6511 or 020 3738 6144. If you are unable to get through to someone, please leave a voicemail and a member of the team will get back to you.
Is Competition Commission a tribunal?
What are CCI powers?
Section 18 of the Act which is in consonance with the preamble of the Act, casts an obligation on the CCI to ‘eliminate’ anti-competitive practices and promote competition, interests of the consumers and free trade. The exercise of power under Section 18 is subject to other provisions of the Act.
How do I file a complaint with CCI?
Any person can file an application or information before the Secretary of Commission. CCI has to judge if there is a prima facie case or not within 15 days. If CCI finds that there is a prima facie case, it has to form its opinion on the case within 60 days. However, in practice, it takes much longer.
What is competition law and explain its significance?
Competition law is the body of legislation intended to prevent market distortion caused by anti-competitive practices on the part of businesses. In the United States, Canada and the European Union, competition law is also known as Antitrust law.
What are antitrust laws?
Key Takeaways. Antitrust laws are statutes developed by governments to protect consumers from predatory business practices and ensure fair competition. Antitrust laws are applied to a wide range of questionable business activities, including market allocation, bid rigging, price fixing, and monopolies.
