The Competition Act

Contravention of orders of Commission

Compensation in case of contravention of orders of Commissio

Penalty for failure to comply with directions of Commission and Director General

Power to impose penalty for non-furnishing of information on combinations

Penalty for making false statement or omission to furnish material information

Penalty for offences in relation to furnishing of informatio

Power to impose lesser penalt

Crediting sums realised by way of penalties to Consolidated Fund of India

Contravention by companies


PENALTIES


1[43A. Power to impose penalty for non-furnishing of information on combinations.--If any
person or enterprise who fails to give notice to the Commission under sub-section (2) of section 6, the
Commission shall impose on such person or enterprise a penalty which may extend to one percent, of the
total turnover or the assets, whichever is higher, of such a combination.]

LAWGIST

# 43A Power to impose penalty for non-furnishing of information on combinations