Discuss briefly, the establishment, composition and term of office of chairperson and other members of Competition Commission of India.

Establishment of Competition Commission of India The Central Government under Section 7 has been empowered to establish a Commission to be called "Competition Commission of India" by issue of a Notification. The Commission is a body corporate having perpetual succession and a common seal. The Commission has power to acquire, hold movable or immovable property and to enter into contract in its name and by the said name, sue or be sued. The Head Office of the Commission shall be at such place as the Central Government may decide from time to time. Vide Notification: SO 1198 (E) dated 14th Oct., 2003, the Central Government established the Competition Commission of India having its Head Office at New Delhi. The Commission has also been authorized to establish its office at other places in India. Thus, the law provides for setting up of CCI's office sat places other than that of its Headquarter. Composition of Competition Commission of India The composition of the Commission as spelled out under Section 8 of the Act, consists of a Chairperson and not less than two and not more than six other Members. The Chairperson and the Members are to be appointed by the Central Government. Regarding the qualifications of the Chairman and other Members, Section 8(2) provides that they shall be person of ability, integrity and standing and who has special knowledge of and such professional experience of not less than fifteen years in international trade, economics, business, commerce, law, finance, accountancy, management, industry, public affairs or competition matters including competition law and policy which in the opinion of the Central Government, may be useful to the Commission. The Chairperson and other Members are to be appointed on whole time basis. Term of office of chairperson & other member of Competition Commission of India The Act stipulates that the Chairperson and every other Member shall hold office as such for a term of five years from the date on which he enters upon his office and shall be eligible for reappointment. However, the Chairperson other Members shall not hold office as such after he has attained the age of sixty-five years.