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of <h1>India Updates Competition Penalty Regulations: 'Sub-Head - 05' Now 'Sub-Head - 00' in Regulation 3, Forms I & II.</h1> The Competition Commission of India has issued the Competition Commission of India (Manner of Recovery of Monetary Penalty) Amendment Regulations, 2021. Effective from its publication date, the amendment modifies the 2011 regulations by changing the designation 'Sub-Head - 05' to 'Sub-Head - 00' in Regulation 3, Sub-regulation (3), and in Forms I and II. This amendment is made under the authority of the Competition Act, 2002, and aims to update the financial categorization of penalties within the regulatory framework.
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