Transparent Guidelines for the Competition Commission of India

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....ransparent Guidelines for the Competition Commission of India <br>News and Press Release<br>Dated:- 18-12-2013<br><BR>Competition Commission of India is a statutory body constituted under the Competit....

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....ion Act, 2002. Government discharges such role as is assigned to it under the said Act. Power to levy penalty is vested in the Commission under Section 27(b) of the Act. This section authorizes the Co....

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....mmission to levy penalty of up to 10% of the average turnover of the last three preceding years for abuse of dominant position and anti-competitive agreements. Section 46, however, authorizes the Comm....

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....ission to impose lesser penalty. Giving this information in written reply to a question in the Rajya Sabha, Shri Sachin Pilot, Minister for Corporate Affairs, said that to effectuate the power of Sect....

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....ion 46, the Commission has framed Competition Commission of India (Lesser Penalty) Regulations, 2009.<BR> News - Press release - PIB....