Monetary penalty determination framework establishes factors and procedure for levying penalties under the Competition Act for contraventions. The Competition Commission of India issues the Determination of Monetary Penalty Guidelines, 2024 to establish a structured framework for assessing and levying penalties on enterprises and persons for contraventions of the Competition Act, prescribing operative criteria-including nature and gravity, duration, market impact, culpability, recurrence, and mitigating or aggravating circumstances-and the procedural approach for quantifying monetary sanctions.
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Provisions expressly mentioned in the judgment/order text.
Monetary penalty determination framework establishes factors and procedure for levying penalties under the Competition Act for contraventions.
The Competition Commission of India issues the Determination of Monetary Penalty Guidelines, 2024 to establish a structured framework for assessing and levying penalties on enterprises and persons for contraventions of the Competition Act, prescribing operative criteria-including nature and gravity, duration, market impact, culpability, recurrence, and mitigating or aggravating circumstances-and the procedural approach for quantifying monetary sanctions.
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