Section 56 of CA, 2002 : Section 56: Power Of Central Government To Supersede Commission

CA, 2002

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Explanation using Example

Imagine a situation where the Competition Commission of India (CCI), which is responsible for enforcing The Competition Act, 2002, faces a severe natural disaster like an earthquake that damages its offices and disrupts its operations. Due to this, the CCI is unable to function normally and carry out its duties, such as investigating anti-competitive practices or mergers that could harm the market.

In this scenario, the Central Government may step in under Section 56(1)(a) of The Competition Act, 2002, if it believes that the CCI is unable to perform due to circumstances...

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