The Competition Act, 2002
CHAPTER III: COMPETITION COMMISSION OF INDIA
Section 7: Establishment Of Commission
Bare Act
(1) With effect from such date 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.
Simplified Act and examples below are previews.
Subscribe to KanoonGPT Pro for full contentSimplified Act
(1) Starting on a date the Central Government chooses, a new organization called the "Competition
Explanation using examples
Imagine a scenario where a small business owner believes that a large corporation is engaging in anti-competitive practices by entering into exclusive
