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Ashok Chawla to take charge as CCI chairman
The government is believed to have approved the appointment of former finance secretary Ashok Chawla as the new chairman of the Competition Commission of India (CCI).
New Delhi: The government is believed to
have approved the appointment of former finance secretary
Ashok Chawla as the new chairman of the Competition Commission
of India (CCI).
According to sources, the Appointments Committee of Cabinet (ACC) has approved the appointment of Chawla as head of the anti-trust body. The other contenders for the post were Anurag Goel, a member in the Commission, and Vijay Sharma, former secretary in the environment and forests ministry.
When contacted, Chawla said he has not received any formal communication yet. "It usually takes 2-3 days for ACC orders to be notified," he said.
The CCI chairman post has been lying vacant for four months now. The appointment assumes significance as after June 1, all high-value merger and acquisition (M&A) deals have begun coming under the purview of the Commission.
A Gujarat-cadre IAS bureaucrat of 1973 batch, Chawla retired as Finance Secretary on January 31. He was heading a committee on allocation, pricing and utilisation of natural resources till recently.
The commission (CCI) was established in 2003 to replace the erstwhile Monopolies and Restrictive Trade Practices Commission and Dhanendra Kumar was appointed as its first chairman in February 2009. Kumar`s term ended on June 5 this year. The commission draws its power from the Competition Act, 2002, to keep check on unfair practices including M&A deals that abuse dominant position by market players.
PTI
According to sources, the Appointments Committee of Cabinet (ACC) has approved the appointment of Chawla as head of the anti-trust body. The other contenders for the post were Anurag Goel, a member in the Commission, and Vijay Sharma, former secretary in the environment and forests ministry.
When contacted, Chawla said he has not received any formal communication yet. "It usually takes 2-3 days for ACC orders to be notified," he said.
The CCI chairman post has been lying vacant for four months now. The appointment assumes significance as after June 1, all high-value merger and acquisition (M&A) deals have begun coming under the purview of the Commission.
A Gujarat-cadre IAS bureaucrat of 1973 batch, Chawla retired as Finance Secretary on January 31. He was heading a committee on allocation, pricing and utilisation of natural resources till recently.
The commission (CCI) was established in 2003 to replace the erstwhile Monopolies and Restrictive Trade Practices Commission and Dhanendra Kumar was appointed as its first chairman in February 2009. Kumar`s term ended on June 5 this year. The commission draws its power from the Competition Act, 2002, to keep check on unfair practices including M&A deals that abuse dominant position by market players.
PTI