https://www.taxtmi.com/acts?id=43307 The Guidelines specify definitions for penalty assessment under the Competition Act, 2002: "penalty" as the monetary sanction for contraventions; "legal maximum" as the statutory cap; "relevant turnover" and "turnover" for calculating penalties; and "income" as determined under the Commission's 2024 Regulations. Institutional and entity terms-"Commission", "Company", and "Chartered Accountant"-are defined, and any undefined terms are to be read as in the Act, its rules or the Companies Act, 2013. en-us Tue, 12 Mar 2024 18:05:41 +0530 Wed, 13 Mar 2024 16:13:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43307 The Guidelines specify definitions for penalty assessment under the Competition Act, 2002: "penalty" as the monetary sanction for contraventions; "legal maximum" as the statutory cap; "relevant turnover" and "turnover" for calculating penalties; and "income" as determined under the Commission's 2024 Regulations. Institutional and entity terms-"Commission", "Company", and "Chartered Accountant"-are defined, and any undefined terms are to be read as in the Act, its rules or the Companies Act, 2013. Act-Rules Law of Competition Tue, 12 Mar 2024 18:05:41 +0530 https://www.taxtmi.com/acts?id=43307