Penalty threshold increase for section 44 raises the minimum statutory penalty level under the Competition Amendment Act. The Competition (Amendment) Act, 2023 substitutes the words "rupees one crore" with "rupees five crore" in section 44 of the principal Act, thereby ... Summary
Penalty threshold increase for section 44 raises the minimum statutory penalty level under the Competition Amendment Act.
The Competition (Amendment) Act, 2023 substitutes the words "rupees one crore" with "rupees five crore" in section 44 of the principal Act, thereby raising the monetary threshold set by that provision; the amendment came into force by notification effective 18-05-2023.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.