Lok Sabha
The Competition Commission of India (CCI) was set up on 14th October, 2003. The Competition Act, 2002, the Selection Rules made thereunder and appointments made were subject to legal challenges in the Supreme Court as a result of which CCI could not be made fully functional. The Supreme Court delivered its judgement on the matter on 20.1.2005. Keeping in view the judgement of the Apex Court a Bill, the Competition (Amendment) Bill, 2006, suggesting amendments to the Competition Act, 2002 was introduced in Lok Sabha on 9th March, 2006. The Bill has been referred to the Standing Committee on Finance. After the Amendment Bill is passed by the Parliament, the full functioning of the Commission would be facilitated.
This information was given by Shri Prem Chand Gupta, Minister of Company Affairs in reply to the question raised by Dr. Satyanarayan Jatiya in Lok Sabha today.
BY/SL-60/06
(Release ID :23004)