Competition Commission of India (Manner of Recovery of Monetary Penalty) Amendment Regulations, 2014 - R-40007/Reg-Recovery/Noti/04-CCI - Competition Law
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Delay interest on penalty payments: specified monthly interest accrues and recovery actions may follow for non payment. The amendment to Form I requires that failure to deposit a penalty within the stipulated period attracts simple interest calculated monthly from the day after the demand period expires until payment, and authorises the Commission to take necessary recovery measures and actions for non compliance with its orders.
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.
Delay interest on penalty payments: specified monthly interest accrues and recovery actions may follow for non payment.
The amendment to Form I requires that failure to deposit a penalty within the stipulated period attracts simple interest calculated monthly from the day after the demand period expires until payment, and authorises the Commission to take necessary recovery measures and actions for non compliance with its orders.
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