https://www.taxtmi.com/acts?id=43257 A commitment order is subject to revocation if the Commitment Applicant fails to comply with an order under section 48B, makes less than full and true disclosure during commitment proceedings, or a material change in facts emerges. Prior to revocation, the Commission must afford the Applicant a show-cause opportunity with a 15 working day response period. Revocation exposes the Applicant to legal costs determined by the Commission (subject to a prescribed cap), recoverable under the statutory penalty recovery mechanism, and permits restoration or initiation of the underlying inquiry or investigation. en-us Mon, 11 Mar 2024 16:57:26 +0530 Mon, 11 Mar 2024 16:57:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43257 A commitment order is subject to revocation if the Commitment Applicant fails to comply with an order under section 48B, makes less than full and true disclosure during commitment proceedings, or a material change in facts emerges. Prior to revocation, the Commission must afford the Applicant a show-cause opportunity with a 15 working day response period. Revocation exposes the Applicant to legal costs determined by the Commission (subject to a prescribed cap), recoverable under the statutory penalty recovery mechanism, and permits restoration or initiation of the underlying inquiry or investigation. Act-Rules Law of Competition Mon, 11 Mar 2024 16:57:26 +0530 https://www.taxtmi.com/acts?id=43257