Act Number: 12

Act Name: The Competition Act, 2002

Year: 2003

Enactment Date: 2003-01-13

Long Title: An Act to provide, keeping in view of the economic development of the country, for the establishment of a Commission to prevent practices having adverse effect on competition, to promote and sustain competition in markets, to protect the interests of consumers and to ensure freedom of trade carried on by other participants in markets, in India, and for matters connected therewith or incidental thereto.

Ministry: Ministry of Corporate Affairs

Department:

Section 7: Establishment of Commission.
    (1) With effect from such date1 as the Central Government may, by notification, appoint, there shall be established, for the purposes of this Act, a Commission to be called the "Competition Commission of India".
     (2) The Commission shall be a body corporate by the name aforesaid having perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of property, both movable and immovable, and to contract and shall, by the said name, sue or be sued.
     (3) The head office of the Commission shall be at such place* as the Central Government may decide from time to time.
     (4) The Commission may establish offices at other places in India.
Notes:
1. 14th October, 2003, vide Notification No. S.O. 1198(E), dated 14th October, 2003.
* New Delhi, vide Notification NO. S.O. 1198(E), dated 14th October, 2003.
Previous Section Next Section
Scroll to Top