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The Competition Act, 2002

45. Penalty for offences in relation to furnishing of information.-

1.   Without prejudice to the provisions of section 44, if any person, who furnishes or is required to furnish under this Act any particulars, documents or any information,-

a.   makes any statement or furnishes any document which he knows or has reason to believe to be false in any material particular; or

b.   omits to state any material fact knowing it to be material; or

c.   wilfully alters, suppresses or destroys any document which is required to be furnished as aforesaid, the Commission shall impose on such person a penalty which may extend to rupees ten lakhs.

1.  

2.   Without prejudice to the provisions of sub-section (1), the Commission may also pass such other order as it deems fit.



Competition Act, 2002 Back




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