https://www.taxtmi.com/notifications?id=141584 These regulations prescribe the procedure and conditions for grant of lesser penalty and lesser penalty plus under section 46 of the Act: applicants must cease cartel participation, make full and true vital disclosures, provide all relevant evidence and identify involved individuals; the designated authority records and forwards applications to the Commission, which marks priority status and evaluates applications in order; a first vital disclosure enabling a prima facie opinion may attract full reduction, subsequent disclosures that add significant value may attract graduated reductions, and lesser penalty plus can secure additional reduction for prior marker applicants who disclose another distinct cartel. Confidentiality, inspection, withdrawal and transitional provisions are also specified. en-us Tue, 20 Feb 2024 00:00:00 +0530 Sun, 15 Sep 2024 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=141584 These regulations prescribe the procedure and conditions for grant of lesser penalty and lesser penalty plus under section 46 of the Act: applicants must cease cartel participation, make full and true vital disclosures, provide all relevant evidence and identify involved individuals; the designated authority records and forwards applications to the Commission, which marks priority status and evaluates applications in order; a first vital disclosure enabling a prima facie opinion may attract full reduction, subsequent disclosures that add significant value may attract graduated reductions, and lesser penalty plus can secure additional reduction for prior marker applicants who disclose another distinct cartel. Confidentiality, inspection, withdrawal and transitional provisions are also specified. Notifications Law of Competition Tue, 20 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/notifications?id=141584