7 - Methodology for Determination of Monetary Penalty under Sections 42, 43, 44 and 45 of the Act - CCI (Determination Of Monetary Penalty) Guidelines, 2024

CHAPTER VI METHODOLOGY FOR DETERMINATION OF MONETARY PENALTY UNDER SECTIONS 42 , 43 , 44 AND 45 OF THE ACT 7 . (1) In determination of penalty to be imposed on a person under Sections 42 , 43 , 44 and 45 of the Act, the Commission shall consider the minimum and maximum penalty leviable as per the respective provision of the Act. (2) While determining the amount of penalty, the Commission may have due regard to all or any of the following factors, namely: - a. extent and reasons of non-compliance or non-cooperation; b. nature of misleading information; c. knowledge of the person furnishing the information about the same being untrue or incomplete; d. repeated contravention; and/or e. any other factor which the Commission may deem appropriate in the facts and circumstances of each case.