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of <h1>Non-compliance with Section 43 of the Competition Act, 2002, may lead to daily fines up to one crore rupees.</h1> Section 43 of the Competition Act, 2002, imposes penalties on individuals who fail to comply with directions from the Commission or the Director General without reasonable cause. Non-compliance with the Commission's directions under specific subsections of section 36 or the Director General's powers under section 41 can result in a penalty of up to one lakh rupees per day, capped at one crore rupees, as determined by the Commission. Amendments in 2007 and 2023 have updated the language and penalty structure of this provision.
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