The Competition Commission of India (CCI) was nominated for the Global Competition Review (GCR) Awards 2013 in the category Agency of the Year-Asia-Pacific, Middle East & Africa in the last week of March 2013. This is the first time that CCI was nominated for internationally acclaimed award.
Other agencies that were nominated in Agency of the Year-Asia-Pacific, Middle East & Africa category include Pakistan’s Competition Commission, Turkey’s Competition Authority and Japan’s Fair Trade Commission.
About Competition Commission of India (CCI)
• The Competition Commission of India (CCI) was established by the Government of India with effect from 14 October 2003.
• CCI achieves its objectives through The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2007, which follows the philosophy of modern competition laws. The Act prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and M&A.
• It includes a Chairperson as well as the members who are appointed by the Government of India.
• The primary aim of Competition Commission of India (CCI) is to eliminate the practices which have adverse effect on competition. Its aim is to protect the consumers’ interests and make sure that there is freedom of trade in Indian markets.
• The purpose of CCI is to give opinion on competition issues, create public awareness as well as impart training on the competition issues.
About Global Competition Review (GCR) Awards
• Global Competition Review (GCR) is the leading antitrust and competition law journal and news service of the world.
• Every year Global Competition Review (GCR) Awards are given away with an aim of recognising achievements of competition authorities, economic consultancies, private practice firms, academic organisations and corporate legal departments in the previous year.
Winners of Global Competition Review (GCR) Awards 2013 will be announced on 9 April 2013 at GCR's 3rd Annual Awards Dinner in Washington, DC.
DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.