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Date: 06-Sep-2024 Category: Extra Ordinary State: Union Government Country: India

Competition Commission of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and other Members) Amendment Rules, 2024.

Issued by Ministry of Corporate Affairs · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • This gazette notification announces amendments to the Competition Commission of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and other Members) Rules, 2003.
  • The amendment primarily concerns changes to the salaries of the Chairperson and other members of the Competition Commission of India (CCI).

Key Changes

  • The amendment, effective January 1st, 2024, increases the Chairperson's consolidated monthly salary to ₹5,62,500 and each Member's salary to ₹5,00,000.
  • The amendment removes the entitlement of the Chairperson and Members to housing and car allowances.
  • The amended rules are called the Competition Commission of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and other Members) Amendment Rules, 2024.

Impact Analysis

Impact on CCI Chairperson and Members

  • Potential impact on recruitment and retention of high-caliber individuals for the CCI. The overall compensation package needs to be competitive with the private sector.

Impact on the Government

  • The government needs to assess if the increased salary is justified given the CCI's responsibilities and the broader economic context.

Impact on the Public

  • The public needs to assess if the increased cost of CCI operation is justified by the benefits derived from more effective competition regulation.

Suggested Actions

  • Monitor the impact of the salary changes on the CCI's performance and effectiveness in regulating competition.

Key Entities Referenced

Competition Commission of India (CCI): The independent regulatory body responsible for enforcing the Competition Act, 2002. Competition Act, 2002: The primary legislation governing competition in India, which empowers the CCI. Ministry of Corporate Affairs: The government ministry responsible for issuing the notification. Competition Commission of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and other Members) Rules, 2003: The principal rules that have been amended by this notification.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-07092024-256976 CG-DxLx-xEG-I0D7H0x9x2x0 24-256976 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 502] नई दिल्ली िुक्रवार, जसतम्ब र 6, 2024/भाद्र 15, 1946 No. 502] NEW DELHI, FRIDAY, SEPTEMBER 6, 2024/BHADRA 15, 1946 कारपोरेट कार् य मत्रं ालर् अजधसचू ना नई दिल्ली, 2 जसतम्ब र, 2024 सा.का.जन. 544(अ)— केन्द्रीय सरकार, प्रतिस्पर्ाा अतर्तियम, 2002 (2003 का 12) की र्ारा 14 की उपर्ारा (1) के साथ पठिि र्ारा 63 की उपर्ारा (2) के खंड (घ) द्वारा प्रदत्त शतियों का प्रयोग करिे हुए, भारिीय प्रतिस्पर्ाा आयोग (अध्यक्ष और अन्द्य सदस्यों के वेिि, भत्ते और सेवा के अन्द्य तिबंर्ि और शिें) जनर्म, 2003 का और संशोर्ि करिे के तिए तिम्नतितखि तियम बिािी ह,ै अथााि्:- 1. (1) इि तियमों का संजिप्त िाम भारिीय प्रतिस्पर्ाा आयोग (अध्यक्ष और अन्द्य सदस्यों के वेिि, भत्ते और सेवा के अन्द्य तिबंधि और शिें) सशं ोर्ि तियम, 2024 ह।ै (2) य े राजपत्र में उिके प्रकाशि की िारीख को प्रवृत्त होंगे। 2. भारिीय प्रतिस्पर्ाा आयोग (अध्यक्ष और अन्द्य सदस्यों के वेिि, भत्ते और सेवा के अन्द्य तिबंधन और शिें) तियम, 2003 के, तियम 3 के स्थाि पर, तिम्नतितखि तियम रखा िाएगा, अथााि्:- 5717 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] "3. वेिि.- (1) 1 जिवरी, 2024 स े अध्यक्ष को पांच िाख बासि हजार पांच सौ रुपये का समेककि मातसक वेिि कदया जाएगा और प्रत्येक सदस्य को पांच िाख रुपये का समेककि मातसक वेिि कदया जाएगा और वे आवास और कार के हकदार िहीं होंगे।”। [फा. सं. कॉम्प-05/9/2024-प्रजतस्ट्पधाय-एमसीए] मिोज पाण्डेर्, अपर सतचव स्ट्पष्टीकारक ज्ञापि.- यह घोतिि ककया जािा ह ै कक भिू िक्षी प्रभाव स े अतर्सचू िा जारी करि े स े ककसी भी व्यति के तहि पर प्रतिकूि प्रभाव िहीं पडेगा। टटप्पण: मूल तियम, भारि के राजपत्र, असार्ारण भाग- 2, खण्ड 3, उप-खण्ड (i) में सा.का.जन.784(अ), तारीख 6 अक्टूबर, 2003 के द्वारा प्रकातशि ककए गए थे और सा.का.जन. संखर्ाकं 190(अ), तारीख 28 फरवरी, 2018 के द्वारा अंजतम बार संशोतर्ि ककए गए थे। MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 2nd September, 2024 G.S.R. 544(E).— In exercise of the powers conferred by clause (d) of sub-section (2) of section 63 read with sub-section (1) of section 14 of the Competition Act, 2002 (12 of 2003), the Central Government hereby makes the following rules further to amend the Competition Commission of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and other Members) Rules, 2003, namely:–– 1. (1) These rules may be called the Competition Commission of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and other Members) Amendment Rules, 2024. (2) They shall come into force from the date of their publication in the Official Gazette. 2. In the Competition Commission of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and other Members) Rules, 2003, for rule 3, the following rule shall be substituted, namely:–– “3. Pay.–– (1) With effect from the 1st day of January, 2024, the Chairperson shall be paid a consolidated monthly salary of five lakh sixty-two thousand five hundred rupees and every Member shall be paid a consolidated monthly salary of five lakh rupees and they shall not be entitled to house and car.”. [F. No. Comp-05/9/2024-COMPT-MCA] MANOJ PANDEY, Addl. Secy.[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 Explanatory Memorandum.–– It is hereby declared that by issuing the notification with retrospective effect, the interest of no person shall be adversely affected. Note: The principal rules were published in the Gazette of India, Extraordinary Part-II, Section 3, Sub-section (i) vide G.S.R. 784(E), dated the 6th October, 2003 and last amended vide number G.S.R. 190 (E), dated the 28th February, 2018. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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