Question : AGRAHAYANA SAKA COMPETITION COMMISSION



(a) whether the Competition Commission of India has become operational;

(b) if so, the composition of the Commission; and

(c) the salient features thereof with role in ensuring fair competition?

Answer given by the minister


THE MINISTER OF CORPORATE AFFAIRS (SHRI PREM CHAND GUPTA)

(a) No, Sir.

(b) Does not arise.

(c) The Competition Act, 2002 provides for establishment of a Commission to prevent practices having adverse effect on competition, to promote and sustain competition in markets, to protect the interests of consumers and to ensure freedom of trade carried on by other participants in markets, in India, and for matters connected therewith or incidental thereto.