What is Digital Competition Panel?
26-08-2023
10:13 AM
1 min read
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Overview:
The first meeting of the digital competition law committee will be held on February 22.
About Digital Competition Panel
- The Government of India has constituted a committee to study the requirement of the digital competition law and give suggestions regarding competition norms.
- The panel will be headed by the secretary of the Ministry of Corporate Affairs (MCA).
- Committee Members: It is a 16-member committee of union secretaries, law experts, and industry stakeholders.
- The Competition Commission of India (CCI) will provide secretarial and research assistance and logistic support to the panel.
- Functions of the Panel: Review whether the Competition Act, 2002, and the rules framed under it are sufficient to deal with challenges posed by the digital economy.
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Key facts about the Competition Commission of India
- The Competition Commission of India has been established to enforce the competition law under the Competition Act of 2002.
- The Commission consists of a Chairperson and not more than 6 Members appointed by the Central Government.
- It works as a quasi-judicial body.
- Nodal Ministry: The Ministry of Corporate Affairs.
Q1) What is a Quasi-judicial body?
Quasi-judicial refers to a proceeding conducted by an administrative or executive official or organization that is similar to a court proceeding.
Source: Digital competition law panel to hold first meeting on February 22