https://www.taxtmi.com/acts?id=7536 Where a person or enterprise fails to notify the Commission as required, contravenes filing obligations, or fails to submit information in response to a Commission inquiry, the Commission may impose a penalty on that person or enterprise calculated by reference to the combination and based on the higher of total turnover, assets or the value of the transaction. A proviso permits parties to file a mandatory notice within thirty days where a prior voluntary notice is declared void ab initio, during which the Commission will not initiate penalty action. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 11 Nov 2024 18:01:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7536 Where a person or enterprise fails to notify the Commission as required, contravenes filing obligations, or fails to submit information in response to a Commission inquiry, the Commission may impose a penalty on that person or enterprise calculated by reference to the combination and based on the higher of total turnover, assets or the value of the transaction. A proviso permits parties to file a mandatory notice within thirty days where a prior voluntary notice is declared void ab initio, during which the Commission will not initiate penalty action. Act-Rules Law of Competition Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7536