Bangladesh Competition Commission Explained

Bangladesh Competition Commission
Formation:	17 December 2012
Headquarters:	37/3/A, Eskaton Garden Road, Ramna, Dhaka, Bangladesh
Region Served:	Whole Bangladesh
Language:	Bengali
Leader Title:	Chairperson
Leader Name:	Pradip Ranjan Chakraborty
Website:	Bangladesh Competition Commission

Bangladesh Competition Commission is a Bangladesh government statutory body responsible for encouraging competition in the market.^{[1] [2]} Pradip Ranjan Chakraborty, former Secretary of the Planning Division is the Chairperson of Bangladesh Competition Commission. He joined this position on 8 November 2022.^[3]

Notes and References

1. News: Competition Commission: The task ahead . 4 August 2020 . The Financial Express . en.
2. News: Make Competition Commission active to keep market stable:... . 4 August 2020 . unb.com.bd . English.
3. Web site: বাংলাদেশ প্রতিযোগিতা কমিশন . Bangladesh Competition commission . 4 August 2020 . en.
4. Web site: বাংলাদেশ প্রতিযোগিতা কমিশন . ccb.gov.bd . 4 August 2020 . en.
5. News: Competition Law in Bangladesh Analyzing the growth and future prospects - Law & Justice - observerbd.com . 4 August 2020 . The Daily Observer.
6. {{https://www.banglatribune.com/business/news/577861/প্রতিযোগিতা-কমিশনে-নতুন-চেয়ারম্যান^[3]

   History

   Bangladesh Competition Commission was established on 17 December 2012 as per provision of The Competition Act, 2012 in the Parliament of Bangladesh. The Act repealed and replaced the Monopolies and Restrictive Trade Practices Ordinance, 1970. The purpose of the commission is to prevent, control and eradicate collusion, monopoly and oligopoly, combination or abuse of dominant position or activities adverse to the competition.^[4] The commission consists of a chairperson and not more than 4 (four) members. Among them at least 3 persons will make a quorum. It is responsible for compliance of the Competition Act, 2012.^[5]

   References