Q. With reference to Competition Commission of India, (CCI) consider the following statements:
1.It is an executive body which aims to establish a robust competitive environment.
2.The appeals form the order of CCI lie with National Company Law Appellate Tribunal (NCLAT).
Select the correct answer from the codes given below:
Answer: B
Notes:
Statement 1 is incorrect: Competition Commission of India (CCI) is a statutory body of the Government of India responsible for enforcing the Competition Act, 2002
Statement 2 is correct: Earlier, in accordance with the provisions of the act, the Competition Commission of India and the Competition Appellate Tribunal had been established. The government replaced Competition Appellate Tribunal (COMPAT) with the National Company Law Appellate Tribunal (NCLAT) in 2017.
