Business Ethics and Corporate Governance, Second Edition

COMPETITION COMMISSION OF INDIA

The Bill advocated a regulating body called the Competition Commission of India (CCI). The CCI was to be a quasi-judicial body and would have a chairperson and a team comprising two to ten members. The CCI would have separate prosecutorial and investigating wings. It would be entrusted with various powers such as the power to grant interim relief, enquire into certain combinations, impose fines on the guilty, order divisions of an undertaking, pass ‘cease and desist’, order a demerger and direct payment to be made to aggrieved parties for loss or damage suffered by them. The administration and the enforcement under the Act to be done by the CCI are proactive rather than reactive.

The newly formed Competition Commission ...