Section 43A
Power to impose penalty for non-furnishing of information on combinations.
About this Act
An Act to provide, keeping in view of the economic development of the country, for the establishment of a Commission to prevent practices having adverse effect on competition, to promote and sustain competition in markets, to protect the interests of consumers and to ensure freedom of trade carried on by other participants in markets, in India, and for matters connected therewith or incidental thereto.
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.]
Notes
1. Ins. by Act 39 of 2007, s. 37 (w.e.f. 1-6-2011)