Act Number: 12

Act Name: The Competition Act, 2002

Year: 2003

Enactment Date: 2003-01-13

Long Title: 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.

Ministry: Ministry of Corporate Affairs

Department:

Section 43: Penalty for failure to comply with directions of Commission and Director General.
    1[43. Penalty for failure to comply with directions of Commission and Director General.--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 shall be punishable with fine 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. Subs. by s. 36, ibid., for section 43 (w.e.f. 20-5-2009).
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