P31. Competition commission of india🌟
✅From December 1, all complaints related to GST profiteering will be dealt with by India's antitrust watchdog Competition Commission of India (CCI), in place of National Anti Profiteering Authority, a government notification said.

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Q. With reference to the Competition Commission of India, consider, the following statements:

1.It is a statutory body established under Competition Act, 2002 as amended by the Competition (Amendment) Act, 2007.
2. It consists of a chairperson and five members appointed by the Central Government.

Which of the above statements is/are correct?