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Competition News Alert – Determination of Monetary Penalty Guidelines, 2024 March 22, 2024
Published in: Alerts
DISCLAIMER: The material contained in this publication is solely for information and general guidance and not for advertising or soliciting. The information provided does not constitute professional advice that may be required before acting on any matter. While every care has been taken in the preparation of this publication to ensure its accuracy, Vaish Associates Advocates neither assumes responsibility for any errors, which despite all precautions, may be found herein nor accepts any liability, and disclaims all responsibility, for any kind of loss or damage of any kind arising on account of anyone acting/ refraining to act by placing reliance upon the information contained in this publication.
We are pleased to share our latest publication ‘Competition News Alert‘, on the Determination of Monetary Penalty Guidelines 2024, notified recently by the Competition Commission of India (CCI) on 6th March 2024.
The Guidelines were much awaited and have brought in clarity and reduced elements of subjectivity in the discretion of the CCI in imposing monetary penalties on the enterprises and individuals held responsible for violation of the various provisions of the Competition Act, 2002 (Act) related to anti competitive market conduct, abuse of dominant position, combinations, and contraventions of CCI orders passed under the Act.
We trust that you will find the same useful.
Looking forward to receiving your valuable feedback.
For any further information/clarification, please feel free to contact/write to:
Mr. MM Sharma, Advocate
Head – Competition Law Practice
E: [email protected]
