Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>Competition Commission imposes penalties with 60-day payment notice; errors can be rectified. Payment details must be submitted promptly.</h1> When a penalty is imposed by the Competition Commission of India, the Secretary issues a demand notice to the concerned enterprise or person, with a copy to the recovery officer, using Form I. The notice provides a minimum of 60 days for payment. The penalty is paid via challan in favor of the Pay & Accounts Officer, Ministry of Corporate Affairs. The enterprise or person must submit a copy of the challan to the recovery officer within seven days of payment, who records it in the penalty recovery register. The Commission can rectify clerical or arithmetic errors in the notice.
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