Consider the following statements with reference to the competition commission of India CCI 1 The co...........

Indian Polity Statutory Bodies

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Consider the following statements with reference to the competition commission of India (CCI):

1.The commission is a statutory body having quasi-judicial powers.

2.The commission consists of one chairman and eight members.

3.The appeal against the decision of the commission lies with the Competition Appellate Tribunal.

Which of the statements given above is/are correct?

2 and 3 only

1 only

3 only

1, 2 and 3

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Explanation:

The commission is a statutory body having quasi-judicial powers.

This statement is correct. The Competition Commission of India (CCI) is a statutory body established under the Competition Act, 2002. It has quasi-judicial powers to ensure fair competition in the market.

The commission consists of one chairman and six members.

This statement is incorrect. the CCI consists of one chairperson and not more than six members.

The appeal against the decision of the commission lies with the Competition Appellate Tribunal.

This statement is incorrect. The appeal against the decision of the CCI lies with the National Company Law Appellate Tribunal (NCLAT) and not the Competition Appellate Tribunal.

Therefore, the correct option is 2 (1 only).