The Competition Act 2002

Section 41 – The Competition Act, 2002

Director General to investigate contraventions (1) The Director General shall, when so directed by the Commission, assist the Commission in investigating into any contravention of the provisions of this Act or any rules or regulations made thereunder. (2) The Director General shall have all the powers as are conferred upon the Commission under sub-section (2) of section 36. (3) Without prejudice to the provisions of sub-section (2), […]

Section 40 – The Competition Act, 2002

[Appeal.] Omitted by the Competition (Amendment) Act, 2007 (39 of 2007), s. 32 (w.e.f. 12-10-2007) Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax

Section 39 – The Competition Act, 2002

Execution of orders of Commission imposing monetary penalty (1) If a person fails to pay any monetary penalty imposed on him under this Act, the Commission shall proceed to recover such penalty in such manner as may be specified by the regulations. (2) In a case where the Commission is of the opinion that it would be expedient to recover the penalty

Section 38 – The Competition Act, 2002

Rectification of orders (1) With a view to rectifying any mistake apparent from the record, the Commission may amend any order passed by it under the provisions of this Act. (2) Subject to the other provisions of this Act, the Commission may make— (a) an amendment under sub-section (1) of its own motion; (b) an amendment for rectifying any

Section 37 – The Competition Act, 2002

[Review of orders of Commission.] Omitted by the Competition (Amendment) Act, 2007 (39 of 2007), s. 30 (w.e.f. 12-10-2007). Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance |

Section 36 – The Competition Act, 2002

Power of Commission to regulate its own procedure. (1) In the discharge of its functions, the Commission shall be guided by the principles of natural justice and, subject to the other provisions of this Act and of any rules made by the Central Government, the Commission shall have the powers to regulate its own procedure. (2) The Commission shall have, for

Section 35 – The Competition Act, 2002

Appearance before Commission A 1[person or an enterprise] or the Director General may either appear in person or authorise one or more chartered accountants or company secretaries or cost accountants or legal practitioners or any of his or its officers to present his or its case before the Commission. Explanation.—For the purposes of this section,— (a) “chartered accountant” means a chartered accountant as

Section 34 – The Competition Act, 2002

[Power to award compensation.] Omitted by the Competition (Amendment) Act, 2007 (39 of 2007) s. 27 (w.e.f. 12-10-2007). Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual

Section 33 – The Competition Act, 2002

Power to issue interim orders Where during an inquiry, the Commission is satisfied that an act in contravention of sub-section (1) of section 3 or sub-section (1) of section 4 or section 6 has been committed and continues to be committed or that such act is about to be committed, the Commission may, by order, temporarily restrain any party from carrying on such act until

Section 32- The Competition Act, 2002

Section 32 of the Competition Act, 2002 provides for provisions related to Acts taking place outside India but having an effect on competition in India, which are as follows: Acts taking place outside India but having an effect on competition in India The Commission shall, notwithstanding that,— (a) an agreement referred to in section 3 has been entered into outside India;