CCI Notifies ‘Lesser Penalty’ Regulations, 2024
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- By Chetan Kulasri
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- Last Updated on 23 February, 2024
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Notification NO. No. L-3(4)/Reg-L.P./2023-24; Dated: 20.02.2024
The CCI has notified the Lesser Penalty regulations, 2024. Under these regulations, the CCI may impose a lesser penalty than that leviable under the Act. The norms prescribe the conditions for a lesser penalty, and the detailed procedure for grant of a lesser penalty. Further, the norms specify the information that needs to be kept confidential, provisions w.r.t inspection and obtaining certified copies of documents. Also, the contents of the application for a lesser penalty are mentioned in the schedules.
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