TypeBare Act JurisdictionCentral Government Enacted2007

Competition (Amendment) Act 2007 Section 37

Insertion of New Section 43a

Section Text


After section 43 of the principal Act, the following section shall be inserted, namely:--

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