State the composition to constitute the Competition Commission of India, under the Competition Act, 2002.
CS Executive · Economic, Business and Commercial Laws · PYQS · June 2021
State the composition to constitute the Competition Commission of India, under the Competition Act, 2002.
Answer & Explanation:
According to Section 8 of the Competition Act, 2002, the composition of the Commission 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) of the Act 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.
Topics: Competition Act, 2002
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