Home India Ministry of Corporate Affairs In exercise of the powers conferred by subsection 1 of secti...
Date: 2016-02-03 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by subsection 1 of section 8 read with subsection 1 of section 10 of the Competition Act

Issued by Ministry of Corporate Affairs · NOT available

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Executive Summary & Key Takeaways

This notification, S.O. 355(E), issued by the Ministry of Corporate Affairs on February 2, 2016, announces the appointment of Shri Devender Kumar Sikri as the Chairperson of the Competition Commission of India (CCI). The appointment, effective from January 11, 2016, is for a term of five years, until he reaches the age of sixty-five, or until further orders are issued, whichever comes first. The appointment is made under the authority of subsection 1 of section 8, read with subsection 1 of section 10 of the Competition Act, 2002 (12 of 2003). The terms and conditions of his service are governed by the Competition Commission of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and other Members) Rules, 2003. The notification was issued under F. No. 5/18/2015-CS, and signed by Jt. Secy. Manoj Kumar.

Key Entities Referenced

Competition Act, 2002: An act of the Indian Parliament to prevent practices having adverse effect on competition, to promote and sustain competition in markets, to protect the interests of consumers and to ensure freedom of trade carried on by other participants in markets, in India. Competition Commission of India: A statutory body of the Government of India responsible for enforcing the Competition Act, 2002 and promoting competition throughout India. Shri Devender Kumar Sikri: Appointed as the Chairperson of the Competition Commission of India. Central Government: The executive authority of the Union of India. New Delhi: The capital of India, where the notification was issued. Ministry of Corporate Affairs: A ministry in the Government of India responsible for administration of the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act 2008, and other allied Acts and rules & regulations framed there-under mainly regulates the functioning of the corporate sector in accordance with law. Competition Commission of India Salary, Allowances and other Terms and Conditions of Service of Chairperson and other Members Rules, 2003: Governs the terms and conditions of service for the Chairperson of the Competition Commission of India. Government of India Press, Ring Road, Mayapuri, New Delhi: Location where the document was printed.
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