Now Reading: Govt invites applications for two CCI members to prevent quorum crisis
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Govt invites applications for two CCI members to prevent quorum crisis
The corporate affairs ministry on Friday invited applications for two members of the Competition Commission of India. The move aims to maintain the quorum needed for key antitrust decisions after member Anil…
The Story in Brief
The corporate affairs ministry on Friday invited applications for two members of the Competition Commission of India. The move aims to maintain the quorum needed for key antitrust decisions after member Anil Kumar Agrawal resigned in July. The regulator currently has chairperson Ravneet Kaur and two members, Deepak Anurag and Sweta Kakkad.
A quorum of three is required for major antitrust matters, though merger proposals can be cleared with a two-member quorum using the doctrine of necessity. The CCI is currently hearing cases including one against Apple. Selected candidates will serve five-year terms until age 65 and receive a monthly salary of Rs 5 lakh, without housing or car benefits. Applicants need at least 15 years of experience in relevant fields.
The Indian Opinion
Some spin that the CCI is in crisis or that the government is deliberately weakening the regulator. In reality, vacancies are routine, and the regulator continues to approve mergers. The genuine test is whether the new members possess deep antitrust expertise to handle complex cases against tech giants like Apple. Watch how quickly the appointments are made and whether they bring the needed experience to India's competition regime.
Source: legal.economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
