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of <h1>Amendments to Section 42: 'Fine' replaced with 'Penalty' in Competition Act, signaling shift in violation consequences.</h1> Section 42 of the principal Act has been amended by the Competition (Amendment) Act, 2023. In subsection (2), the reference to specific sections and the term 'fine' has been replaced with additional sections and the term 'penalty.' Similarly, subsection (3) has been updated to replace 'fine' with 'penalty' concerning payments required under subsection (2). These amendments reflect a shift in terminology and potentially the nature of consequences for violations under the specified sections of the Act. The amendments took effect on May 18, 2023.
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