LawgistThe Competition Act
43Penalty for failure to comply with directions of Commission and Director General
1[43. Penalty for failure to comply with directions of Commission and Director General.--If any person fails to comply, without reasonable cause, with a direction given by--
(a) the Commission under sub-sections (2) and (4) of section 36; or
(b) the Director General while exercising powers referred to in sub-section (2) of section 41, such person shall be punishable with fine which may extend to rupees one lakh for each day during which
such failure continues subject to a maximum of rupees one crore, as may be determined by the Commission.]
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1. Subs. by s. 36, ibid., for section 43 (w.e.f. 20-5-2009).
PENALTIES
- 42 Contravention of orders of Commission
- 42A Compensation in case of contravention of orders of Commissio
- 43 Penalty for failure to comply with directions of Commission and Director General
- 43A Power to impose penalty for non-furnishing of information on combinations
- 44 Penalty for making false statement or omission to furnish material information
- 45 Penalty for offences in relation to furnishing of informatio
- 46 Power to impose lesser penalt
- 47 Crediting sums realised by way of penalties to Consolidated Fund of India
- 48 Contravention by companies
