Question
Who among the following appoints Director General,
Competition Commission of India (CCI) under the existing Competition Act of 2002?Solution
The Competition Commission of India (CCI) is the chief national competition regulator in India. It is a statutory body within the Ministry of Corporate Affairs and is responsible for enforcing the Competition Act, 2002. Competition (Amendment) Bill 2022 vests the power of appointment of Director General, CCI in the Competition Commission of India (CCI) itself. Director General, investigation arm of CCI, is presently appointed by the Central Government.
- Two partners, Neha and Priya, invested Rs. 3600 and Rs. 2400 respectively into a business. At the end of the year, they earned a profit of Rs. 12,600. What...
C and J are business partners. C invests Rs 30,000, and J invests Rs 20,000 at the beginning of 2020. In each of the next 6 months after the first month...
A and B enter a partnership. A contributed 5000 for 8 months and B 6000 for 5 months. Find A's share in a total profit of 9800.
Two partners A and B invested Rs. 900 and Rs. ‘m’ respectively in a business. B withdrew after 6 months. If A got Rs. 3600 from a total yearly profi...
A and S commenced a business with capitals of Rs. 15,000 and Rs. 13,500, respectively. After 9 months, they withdrew one third of their capital. Determi...
A, B, and C invest ₹40,000, ₹60,000, and ₹80,000 in a business respectively. A and B withdraw their investments after 6 months, while C keeps it f...
Raj invested Rs.35000 in a business. After 6 months, Rohan joins him with an investment of Rs.P. If at the end of the year the profit is Rs.60000 and pr...
A, B and C started a business with initial investments in the ratio 4:5:3, respectively. After one year A, B and C made additional investments equal to ...
A, B and C enter into a partnership, A invest X + 10000, B invest 3X + 13000 and C invest X + 15000 for one year if B share is 40000 from total profit o...
Ashu and Sunil together start a business with investment of Rs. 1800 and Rs. ‘x + 1000’, respectively. If the profit earned after 5 years is Rs. 640...