Section 43A – The Competition Act, 2002

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 per cent. of the total turnover or the assets, whichever is higher, of such a combination.]

 

Amendment

1. Section 43A shall stand inserted (date to be notified) by Act 39 of 2007, s. 37.

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