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Competition Commission Of India : Regional Office (South) in Chennai

Competition Commission of India (CCI):

Union Minister for Finance and Corporate Affairs inaugurated the Competition Commission of India’s (CCI) Regional Office (South) in Chennai.

  • Status: A statutory body established under the provisions of The Competition Act, 2002.
  • Established in: 2003.
  • A Chairperson and 6 Members appointed by the Central Government.
  • Headquarters: New Delhi.
  • Preceding agency: Monopolies and Restrictive Trade Practices Commission.

Mandate:

    • To implement provisions of The Competition Act, 2002 which –
    • prohibits anti-competitive agreements and abuse of dominant position by enterprises
    • regulates mergers and acquisition (M&A) which can have an adverse effect on competition within India. Thus, deals beyond a certain threshold are required to get clearance from CCI.
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