New Delhi: The corporate affairs ministry on Friday invited applications for two members of the Competition Commission of India (CCI), the appointment of whom is crucial to have the quorum needed to clear key antitrust matters.The move comes as one of the CCI members--Anil Kumar Agrawal --resigned in July and the three-year term of another member, Deepak Anurag, is ending in September.The CCI currently has two members, Anurag and Sweta Kakkad, apart from chairperson Ravneet Kaur. It needs a quorum of three to handle key matters.As per the competition law, all questions that come up before any meeting of the CCI will be decided by a majority of the members presiding and voting, provided the quorum for such a meeting is three members, experts said.Also read | A 1968 ban that turned Indian households into underground vaultsThe regulator can clear combination proposals, such as those for mergers and acquisitions, even with a two-member quorum by invoking the doctrine of necessity and citing earlier legal backing, experts said. But key antitrust matters usually require the quorum of three, they added.The CCI is currently hearing antitrust matters relating to iPhone maker Apple, among others.Inviting applications, the ministry said the members will hold office for a term of five years or till the age of 65 years, whichever is earlier.Also read | How Ratan Tata once defeated the old guard in Bombay House fightsThe ministry has sought applications from candidates “of ability, integrity and standing”. They must have professional experiences of not less than 15 years in international trade, economics, business, commerce, law, finance, accountancy, management, industry, technology, public affairs or competition matters, including competition law and policy.The selected candidates will be paid a consolidated monthly salary of Rs 5 lakh and they won’t be entitled to house and car.
Govt seeks applications to appoint two CCI members to avoid lack of quorum
The corporate affairs ministry is seeking applications for two Competition Commission of India members. This appointment is crucial for maintaining the necessary quorum to clear antitrust matters. One member resigned in July, and another's term ends in September. The commission currently has two members and requires three for key decisions. Selected candidates will serve for five years or until age sixty-five.






