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of <h1>Section 64 of Competition Act, 2002: Commission's Power to Regulate Costs, Notices, Meetings, and Penalties Explained</h1> Section 64 of the Competition Act, 2002 empowers the Commission to make regulations consistent with the Act to fulfill its purposes. These regulations may address various matters, including determining production costs, specifying notice forms and fees, procedures for engaging experts, transaction rules for Commission meetings, and methods for penalty recovery. The regulations also cover details for show-cause notices, turnover determination, and procedures for settlement proceedings. Once made, regulations must be presented to Parliament, where they can be modified or annulled, impacting their validity without affecting past actions under them.
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