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of <h1>New 2025 Regulations Detail Penalty Recovery Under Competition Act 2002; Key Definitions and Roles Explained</h1> The Competition Commission of India (Manner of Recovery of Monetary Penalty) Regulations, 2025, outlines definitions related to the recovery of penalties under the Competition Act, 2002. Key terms include 'Act' referring to the Competition Act, 'Commission' as the Competition Commission of India, and 'demand notice' as a notice for penalty recovery. Other definitions cover 'enterprise,' 'person,' and their defaults, along with roles like 'recovery officer' and 'Tax Recovery Officer.' The regulations specify that undefined terms will hold meanings from relevant Acts, including the Companies Act, 2013, and the Income-tax Act, 1961.
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