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Section 43A

Power to Impose Penalty for Non-furnishing of Information on Combinations.

The Competition Act, 2002
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.]




1. Ins. by Act 39 of 2007, s. 37 (w.e.f. 1-6-2011)