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        Law of Competition

        Section 44 - Penalty for making false statement or omission to furnish mate­rial information

        Competition Act, 2002
        Chapter VI
        Penalties

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        False statements or omissions in combination filings trigger Commission-determined monetary penalties for responsible parties. Section 44 treats a person who, being a party to a combination, makes a statement false in any material particular or omits to state any material particular knowing it to be material, as liable to a penalty determined by the Commission within the statutory minimum and maximum limits; the statutory text reflects an amended upper monetary ceiling.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                        Provisions expressly mentioned in the judgment/order text.

                            False statements or omissions in combination filings trigger Commission-determined monetary penalties for responsible parties.

                            Section 44 treats a person who, being a party to a combination, makes a statement false in any material particular or omits to state any material particular knowing it to be material, as liable to a penalty determined by the Commission within the statutory minimum and maximum limits; the statutory text reflects an amended upper monetary ceiling.


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