Home Acts & Rules Indian Laws Indian Laws - Acts Competition Act, 2002 Chapters List Chapter VI Penalties This
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Section 48C - Revocation of the settlement or commitment order and penalty - Competition Act, 2002Extract 1 [ Revocation of the settlement or commitment order and penalty. 48C. If an applicant fails to comply with the order passed under section 48A or section 48B or it comes to the notice of the Commission that the applicant has not made full and true disclosure or there has been a material change in the facts, the order passed under section 48A or section 48B, as the case may be, shall stand revoked and withdrawn and such enterprise shall be liable to pay legal costs incurred by the Commission which may extend to rupees one crore and the Commission may restore or initiate the inquiry in respect of which the order under section 48A or section 48B was passed. ] ************** NOTES:- 1. Inserted vide Competition (Amendment) Act, 2023 dated 11-04-2023 06-03-2024
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