Discuss the duties, powers and functions of Competition Commission of India.

As per Section 18 of the Competition Act, 2002 , duties of the Competition Commission of India are :- to eliminate practices having adverse effect on competition; to promote and sustain competition; to protect interests of consumers and to ensure freedom of trade carried on by other participants, in markets in India. Competition Commission of India empowers to conduct inquiry into certain anti-competitive agreements and dominant position of enterprise. Further, Competition Commission of India also empowers to conduct investigation and inquire into combination and pass necessary order after investigation or inquire into anti-competitive agreements, dominant position of enterprise and combination.