Penalty determination framework defining penalties, legal maximums, and turnover metrics for competition law enforcement. The Guidelines specify definitions for penalty assessment under the Competition Act, 2002: 'penalty' as the monetary sanction for contraventions; 'legal maximum' as the statutory cap; 'relevant turnover' and 'turnover' for calculating penalties; and 'income' as determined under the Commission's 2024 Regulations. Institutional and entity terms-'Commission', 'Company', and 'Chartered Accountant'-are defined, and any undefined terms are to be read as in the Act, its rules or the Companies Act, 2013.
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.
Penalty determination framework defining penalties, legal maximums, and turnover metrics for competition law enforcement.
The Guidelines specify definitions for penalty assessment under the Competition Act, 2002: "penalty" as the monetary sanction for contraventions; "legal maximum" as the statutory cap; "relevant turnover" and "turnover" for calculating penalties; and "income" as determined under the Commission's 2024 Regulations. Institutional and entity terms-"Commission", "Company", and "Chartered Accountant"-are defined, and any undefined terms are to be read as in the Act, its rules or the Companies Act, 2013.
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