Combination Regulation under Competition Act, 2002
Online guidance system is launched as part of CCI՚s outreach initiatives & measures to simplify compliance requirements regarding combinations.
Interactive online application is developed based on relevant provisions of Competition Act, 2002, relevant regulations issued thereunder & exemption notifications issued by Ministry of Corporate Affairs.
Application envisages staged process to guide stakeholders in determining whether merger⟋acquisition is notifiable to CCI.
It is statutory body of GoI responsible for enforcing Competition Act, 2002 throughout India & to prevent activities that have appreciable adverse effect on competition in India.
It was established on 14th October 2003. It became fully functional in May 2009.
Objectives of Act are sought to be achieved thru CCI, which was established by Central Govt. w⟋effect from 14th October 2003.
It is duty of Commission to eliminate practices having adverse effect on competition, promote & sustain competition, protect interests of consumers & ensure freedom of trade in markets of India.
Commission is required to give opinion on competition issues on reference received from statutory authority established under any law & to undertake competition advocacy, create public awareness & impart training on competition issues.