Penalty for failure to comply with directions of Commission and Director General

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Full Text of the Document

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.... (b) the Director General while exercising powers referred to in sub-section (2) of section 41, such person 2[shall be liable to a penalty] which may extend to rupees one lakh for each day during which such failure continues subject to a maximum of rupees one crore, as may be determined by the Commission.] ***************** NOTES:- 1. Substituted vide Competition (Amendment) Act, 2007 da....