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of <h1>CCI (Settlement) Regulations 2024: Key Definitions for Competition Act Compliance and Settlement Procedures Explained</h1> The CCI (Settlement) Regulations, 2024, provide definitions crucial for understanding the regulatory framework under the Competition Act, 2002. Key terms include 'Act,' referring to the Competition Act, 2002, and 'Commission,' indicating the Competition Commission of India. The 'Director General' is defined per the Act, while 'Penalty Guidelines' are guidelines issued by the Commission. A 'Settlement Amount' is the sum determined by the Commission for resolving proceedings. A 'Settlement Applicant' is an enterprise facing inquiries for alleged violations, and a 'Settlement Application' is the formal request submitted for settling such proceedings. Unspecified terms follow meanings from the Act or related regulations.
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