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of <h1>Section 27 of Competition Act: Commission Can Penalize Anti-Competitive Agreements, Abuse of Dominant Position, Modify Agreements</h1> Section 27 of the Competition Act, 2002 empowers the Commission to take action against agreements or conduct that contravene sections 3 or 4, which relate to anti-competitive agreements and abuse of dominant position. The Commission can order involved parties to cease such activities, impose penalties up to 10% of the average turnover or income of the last three financial years, or up to three times the profit for cartel agreements. It can also modify agreements, issue further directions, and hold group members accountable if they contribute to the contravention.
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