LawgistThe Competition Act
43APower to impose penalty for non-furnishing of information on combinations
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.]
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1. Section 43A shall stand inserted (date to be notified) by Act 39 of 2007, s. 37
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
