Home Acts & Rules Indian Laws Indian Laws - Acts Competition Act, 2002 Chapters List Chapter VI Penalties This
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Section 43 - Penalty for failure to comply with directions of Commission and Director General - Competition Act, 2002Extract [Penalty for failure to comply with directions of Commission and Director General. 43. If any person fails to comply, without reasonable cause, with a direction given by (a) the Commission under sub-sections (2) and (4) of section 36; or (b) the Director General while exercising powers referred to in sub-section (2) of section 41, such person 1 [ shall be liable to a penalty ] which may extend to rupees one lakh for each day during which such failure continues subject to a maximum of rupees one crore, as may be determined by the Commission. ] ************** NOTES:- 1. Substituted vide Competition (Amendment) Act, 2023 dated 11-04-2023 w.e.f. 18-05-20203 before it was read as, shall be punishable with fine
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