Grant of lesser penalty

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.... amount leviable under clause (b) of section 27 and section 48 of the Act, as the Commission may decide, in the following manner, namely:- (a) The applicant and individual(s) mentioned in sub-regulation (2) of regulation 3 may be granted benefit of reduction in penalty upto or equal to one hundred percent, if the applicant is the first to make a vital disclosure by submitting ev....

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....tion, have sufficient evidence to establish such a contravention. (b) The applicant(s) and individual(s) who are subsequent to the first applicant may also be granted benefit of reduction in penalty on making a disclosure by submitting evidence, which in the opinion of the Commission, provides significant added value to the evidence already in possession of the Commission or the....