The Competition Commission of India (CCI) is a statutory body established in 2003 under the Competition Act, 2002, with the objective of preventing practices having adverse effect on competition, promoting and sustaining competition in markets, protecting the interest of consumers, and ensuring freedom of trade carried on by other participants in markets in India.
CCI gained its enforcement and regulatory powers in 2009 and 2011, with the implementation of relevant provisions of the Competition Act, 2002. The Act was further amended in 2023, broadening the scope of anti-competitive agreements, introducing the notification of combinations based on transaction value, reducing approval time for combinations, and implementing a settlement and commitment framework.
CCI prohibits anti-competitive agreements and abuse of dominant position, regulates combinations, and takes suitable measures for creating economy-wide awareness about market competition under its advocacy mandate. In order to provide an intellectual framework to its enforcement and advocacy activities, CCI has also undertaken a program of conducting market studies in specific sectors where competition concerns are regularly raised.
Since, 1 December 2022, CCI has been mandated by the Ministry of Finance (under the provisions of the Central Goods and Service Tax (GST) Act, 2017) to look into anti-profiteering matters. It has been empowered to examine whether input tax credits availed by any registered person or the reduction in the tax rate have resulted in a commensurate reduction in the price of goods or services or both.
The present Commission consists of a Chairperson, Ms. Ravneet Kaur, and two Members, Shri Anil Agrawal and Ms. Sweta Kakkad.