According to Competition Act, 2002, the Chairperson and other members shall hold office upto the maximum age of

The correct answer is - Chairperson 67 years and members 65 years

Key Points

• Competition Act, 2002
  • The Competition Act, 2002 is an Act of the Parliament of India enacted to prevent activities that have an adverse effect on competition in India.
• Tenure of Chairperson and Members
  • The Chairperson can hold office up to a maximum age of 67 years.
  • Other members can hold office up to a maximum age of 65 years.

Additional Information

• Composition of the Competition Commission
  • The Competition Commission of India (CCI) is composed of a Chairperson and a minimum of two and a maximum of six other members appointed by the Central Government.
  • The Chairperson and other members are chosen based on their qualifications and experience in various fields such as law, economics, commerce, and public affairs.
• Functions of the Competition Commission
  • The primary function of the CCI is to eliminate practices that adversely affect competition, promote and sustain competition, protect the interests of consumers, and ensure freedom of trade in the markets of India.
  • The CCI also has the power to inquire into certain agreements and dominant positions of enterprises that may have an adverse effect on competition.