Penalty recovery framework defines demand notice, enterprise in default, recovery officer and cross references for enforcement. Defines terms for penalty recovery under the Competition Act: 'penalty' as monetary sums recoverable; 'demand notice' issued by the Commission; 'enterprise' and 'enterprise in default' who fail to pay after notice; roles including Commission, Secretary, recovery officer; enforcement instruments including recovery certificate and the penalty recovery register (Form IV). It also identifies 'Income-tax authority' and 'Tax Recovery Officer' and provides that undefined expressions take meanings assigned in the Act, Companies Act, or Income-tax Act as applicable.
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Provisions expressly mentioned in the judgment/order text.
Penalty recovery framework defines demand notice, enterprise in default, recovery officer and cross references for enforcement.
Defines terms for penalty recovery under the Competition Act: 'penalty' as monetary sums recoverable; 'demand notice' issued by the Commission; 'enterprise' and 'enterprise in default' who fail to pay after notice; roles including Commission, Secretary, recovery officer; enforcement instruments including recovery certificate and the penalty recovery register (Form IV). It also identifies 'Income-tax authority' and 'Tax Recovery Officer' and provides that undefined expressions take meanings assigned in the Act, Companies Act, or Income-tax Act as applicable.
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