|
Penalty for failure to comply with directions of Commission and Director General 1[43. 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 2 ["shall be liable to a penalty"]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] Note: 1. Subs. by Competition (Amendment) Act, 2007 for: “If any person fails to comply with a direction given by— (a) the Commission under sub-section (5) of section 36; or (b) the Director General while exercising powers referred to in sub-section (2) of section 41, the Commission shall impose on such person a penalty of rupees one lakh for each day during which such failure continues.” 2.Substituted by the Competition (Amendment) Act, 2023 dated 11.04.2023. In section 43 of the principal Act ["shall be liable to a penalty"]
|