Consumer protection competition council new name
The Consumer Protection Competition Council (CPCC) is a regulatory body in India that was established in 2003 to protect the interests of consumers and promote competition in the market. The CPCC is responsible for enforcing the Competition Act, 2002, and the Consumer Protection Act, 1986.
In 2020, the CPCC was renamed as the Competition Commission of India (CCI) to reflect its expanded role and responsibilities. The CCI is now responsible for enforcing the Competition Act, 2002, and the Consumer Protection Act, 1986, as well as other laws related to competition and consumer protection.
The CCI has a number of powers and functions, including the power to:
- Investigate and enforce anticompetitive practices, such as cartels and monopolies
- Approve mergers and acquisitions
- Regulate the conduct of businesses and industries
- Protect the interests of consumers and promote competition in the market
The CCI is headed by a Chairperson and has a number of members who are appointed by the Government of India. The CCI is headquartered in New Delhi and has offices in several other cities across India.
Here are some key changes that have taken place in the CPCC's name and functions:
- 2003: The CPCC was established as a regulatory body to protect the interests of consumers and promote competition in the market.
- 2020: The CPCC was renamed as the Competition Commission of India (CCI) to reflect its expanded role and responsibilities.
- 2020: The CCI was given additional powers and functions, including the power to regulate the conduct of businesses and industries.
- 2020: The CCI was also given the responsibility of enforcing the Consumer Protection Act, 1986, and other laws related to consumer protection.
Overall, the CCI plays a critical role in promoting competition and protecting the interests of consumers in India.