Which of the following statement(s) is/are correct about the ‘Competition Commission of India’?
1. It is an executive body formed by the President of India on the recommendation of Union Cabinet in the year 2003.
2. It prohibits anti-competitive agreements, abuse of dominant positions by enterprises and regulates combinations (acquisition, acquiring of control and M&A).
3. It can also give opinion on competition issues on a reference received from a statutory authority established under any law.
Select the correct codes from below -