2 - Definitions - CCI (Determination Of Monetary Penalty) Guidelines, 2024

2. Definitions (1) In these guidelines, unless the context otherwise requires: a. Act means the Competition Act, 2002 (12 of 2003) ; b. Chartered Accountant means a chartered accountant as defined in Explanation (a) to Section 35 of the Act; c. Commission means the Competition Commission of India established under sub-section (1) of Section 7 of the Act; d. Company means a company as defined in Explanation (a) to Section 48 of the Act; e. Income means the income as determined under the Competition Commission of India (Determination of Turnover or Income) Regulations, 2024; f. legal maximum is the maximum amount of monetary penalty leviable under the relevant provisions of the Act; g. penalty means the monetary penalty leviable for any contravention of the provisions of the Act; h. relevant turnover means the turnover derived by an enterprise directly or indirectly from the sale of products and/or provision of services, to which the contravention relates and determined for the purposes of imposition of penalty; i. repeated contravention means contravention by an enterprise or a person more than once, either of the same provision or any other provision of the Act; j. turnover means turnover as defined under the Competition Commission of India (Determination of Turnover or Income) Regulations, 2024; k. year means financial year. (2) Words and expressions used but not defined in these guidelines shall have the same meanings as assigned to them in the Act or the rules or regulations framed thereunder or in the Companies Act, 2013 (18 of 2013).