The Competition Commission of India has taken another step ahead in spreading awareness about competition law amongst the enterprises. Apart from the continuous workshops and seminars on competition law, it has come up with a competition compliance programme book for enterprises for a better understanding of the subject.
According to CCI acting chairman Vinod Dhall, It is another step ahead to encourage the enterprises to understand competition law.
CCI director-general Amitabh Kumar said, The book released by CCI is about telling the industry of having a compliance programme and since the programme has to be enterprise specific, each enterprise should draw its own compliance programme based on these parameters. Through this book we will be able to make the enterprises get an understanding about competition law that would help them to be on the right side of law.
Earlier, the commission has organised several competition advocacy workshops and seminars on issues related to competition law and policy.
The CCI has tied up with professional bodies like the Institute of Chartered Accountants of India (ICAI), Institute of Cost and Work Accountants of India (ICWAI), Institute of Company Secretaries of India (ICSI) and all trade bodies like CII, Ficci, Assocham. ICSI will soon launch a post-membership qualification course in competition law.
Competition law is playing a big role in countries like UK, USA, Australia, Denmark whereas in India it is yet to set a grip. Vinod Dhall had earlier said, When the Competition Commission, Competition Appellate Authority, Director- General offices become functional, the impact of business action on competitive forces in the market would be better monitored. Competition law would lead to vibrant and effective competition. It would deliver significant benefits to consumers and would encourage the efficient use of resources. Enterprises can compete to attract customers by offering better products, and services at reasonable prices.