WHICH INSTITUTION IMPOSES FINES ON COMPANIES THAT ARE GUILTY OR COLLUSION
Answers
The Competition Commission of India(CCI) is authorised to impose fines on companies that are guilty of collusion.
The CCI is a body under the Government of India( GOI) and they are responsible for enforcing and enacting the Competition Act 2002.
They are in charge of promoting competition in the Indian market and simultaneously eliminating malpractices that can endanger the competitive market.
Answer:
The Competition Commission of India (CCI) imposes fines on companies that are found to be guilty of collusion.
The CCI is a regulating body under the Government of India and they are in charge of enforcing the Competition Act 2002. It is their responsibility to promote and sustain ethical competition in the Indian market and also do away with malpractices that can negatively impact the system.