The CCI was established on 14 October 2003. It consists of a chairperson and six members appointed by the Central Government. The chairperson and every other member shall hold office for a term of five years and are eligible for re-appointment.
The CCI has the following powers:
* To investigate complaints of anti-competitive practices.
* To issue directions to companies to stop anti-competitive practices.
* To impose fines on companies for anti-competitive practices.
* To approve mergers and acquisitions that could have an adverse effect on competition.
The CCI has played a significant role in promoting competition in India. It has investigated a number of cases of anti-competitive practices and has issued directions to companies to stop these practices. The CCI has also imposed fines on companies for anti-competitive practices.
The CCI has also approved a number of mergers and acquisitions that could have had an adverse effect on competition. However, in each case, the CCI found that the merger or acquisition would not have a significant adverse effect on competition.
The CCI is an important institution in the Indian economy. It plays a vital role in promoting competition and protecting the interests of consumers. The CCI is committed to ensuring that the Indian market is competitive and that consumers have access to a wide range of goods and services at competitive prices.
Here are some of the key achievements of the CCI:
* The CCI has investigated a number of cases of anti-competitive practices and has issued directions to companies to stop these practices.
* The CCI has imposed fines on companies for anti-competitive practices.
* The CCI has approved a number of mergers and acquisitions that could have had an adverse effect on competition.
* The CCI has played a significant role in promoting competition in India.
* The CCI is committed to ensuring that the Indian market is competitive and that consumers have access to a wide range of goods and services at competitive prices.
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