Question
Consider the following statements about “Competition
Commission of India (CCI)”: I. The commission is a quasi-judicial body. II. CCI consists of a chairperson and 6 members appointed by the Central Government. III. The Chairperson and other Members shall be temporary Members. Which of the statements given above is/are not correct?Solution
The Competition Commission of India (CCI) was established in March 2009 by the Government of India under the Competition Act, 2002 for the administration, implementation, and enforcement of the Act. Statement I is correct - A quasi-judicial body is “an organ of Government other than a Court or Legislature, which affects the rights of private parties either through adjudication or rulemaking. Statement II is correct - The Commission consists of one Chairperson and six Members who shall be appointed by the Central Government. Statement II is not correct - The Chairperson and other Members shall be whole-time Members.
Below are two statements, one is a statement (A) and the other is a reason (R). Choose the correct answer from the options given below:
Statement...
A company cannot issue FPO before the issue of IPO
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