Section - 44 - Competition Act, 2002

Section - 44 - Penalty for making false statement or omission to furnish material information

Penalty for making false statement or omission to furnish material information.

44. If any person, being a party to a combination,-

(a)	-	makes a statement which is false in any material particular, or knowing it to be false; or
(b)	-	omits to state any material particular knowing it to be material,

such person shall be liable to a penalty which shall not be less than rupees fifty lakhs but which may extend to [rupees five crore], as may be determined by the Commission.

.... To read the full section download the app from

Google Play store