<p class="title">The government has begun a search process to find the next chairperson of fair trade regulator Competition Commission of India (CCI) after the end of the tenure of incumbent D K Sikri later this year.</p>.<p class="bodytext">Inviting applications for the post, the Corporate Affairs Ministry said that the CCI chairperson will be paid a consolidated monthly salary of Rs 4.5 lakh, but would not be entitled to house and car.</p>.<p class="bodytext">Sikri, who is the third chairman of CCI, had assumed office in January 2016, replacing another former bureaucrat Ashok Chawla.</p>.<p class="bodytext">Sikri's tenure of about two-and-a-half years will end this July after he attains 65 years of age.</p>.<p class="bodytext">To fill this vacancy, the Corporate Affairs Ministry today invited applications from eligible Indian nationals for the post. The applications need to be submitted by July 2.</p>.<p class="bodytext">The CCI has gained importance in recent years with all major deals requiring its approval, while it has also been keeping a close vigil for any attempts at cartelisation or other unfair trade practices in various sectors, including real estate, automotive, coal, aviation and banking.</p>.<p class="bodytext">Among major deals, Walmart's mega-billion dollar acquisition of Flipkart is currently awaiting CCI approval.</p>.<p class="bodytext">The Commission was established in 2003 to replace the erstwhile Monopolies and Restrictive Trade Practices Commission.</p>.<p class="bodytext">The Commission draws its power from the Competition Act, 2002, and has been empowered to check anti-competitive behaviour and regulate mergers & acquisitions.</p>.<p class="bodytext">Prior to Sikri and Chawla, Dhanendra Kumar was the CCI chairman. Kumar became CCI Chairman in February 2009 and he demitted office in June 2011.</p>
<p class="title">The government has begun a search process to find the next chairperson of fair trade regulator Competition Commission of India (CCI) after the end of the tenure of incumbent D K Sikri later this year.</p>.<p class="bodytext">Inviting applications for the post, the Corporate Affairs Ministry said that the CCI chairperson will be paid a consolidated monthly salary of Rs 4.5 lakh, but would not be entitled to house and car.</p>.<p class="bodytext">Sikri, who is the third chairman of CCI, had assumed office in January 2016, replacing another former bureaucrat Ashok Chawla.</p>.<p class="bodytext">Sikri's tenure of about two-and-a-half years will end this July after he attains 65 years of age.</p>.<p class="bodytext">To fill this vacancy, the Corporate Affairs Ministry today invited applications from eligible Indian nationals for the post. The applications need to be submitted by July 2.</p>.<p class="bodytext">The CCI has gained importance in recent years with all major deals requiring its approval, while it has also been keeping a close vigil for any attempts at cartelisation or other unfair trade practices in various sectors, including real estate, automotive, coal, aviation and banking.</p>.<p class="bodytext">Among major deals, Walmart's mega-billion dollar acquisition of Flipkart is currently awaiting CCI approval.</p>.<p class="bodytext">The Commission was established in 2003 to replace the erstwhile Monopolies and Restrictive Trade Practices Commission.</p>.<p class="bodytext">The Commission draws its power from the Competition Act, 2002, and has been empowered to check anti-competitive behaviour and regulate mergers & acquisitions.</p>.<p class="bodytext">Prior to Sikri and Chawla, Dhanendra Kumar was the CCI chairman. Kumar became CCI Chairman in February 2009 and he demitted office in June 2011.</p>