Settlement mechanism for anti-competitive contraventions permits commission-approved agreements with conditions and credits realised amounts to the Consolidated Fund. Enterprises subject to inquiries for alleged anti-competitive conduct may apply for settlement in writing and pay a prescribed fee after receipt of the Director General's report but before an adjudicatory order; the Commission may accept settlements after considering the nature, gravity and impact of the contraventions and prescribe payment, implementation and monitoring terms. The Commission must invite objections from the applicant, the Director General and other parties; if a settlement is inappropriate or terms are not agreed in time, the Commission will reject the application and proceed with the inquiry. Settlement procedure is regulated, no appeal lies, and realised amounts are credited to the Consolidated Fund.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Settlement mechanism for anti-competitive contraventions permits commission-approved agreements with conditions and credits realised amounts to the Consolidated Fund.
Enterprises subject to inquiries for alleged anti-competitive conduct may apply for settlement in writing and pay a prescribed fee after receipt of the Director General's report but before an adjudicatory order; the Commission may accept settlements after considering the nature, gravity and impact of the contraventions and prescribe payment, implementation and monitoring terms. The Commission must invite objections from the applicant, the Director General and other parties; if a settlement is inappropriate or terms are not agreed in time, the Commission will reject the application and proceed with the inquiry. Settlement procedure is regulated, no appeal lies, and realised amounts are credited to the Consolidated Fund.
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