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Regulation 3 - Issuance of demand notice - CCI (Manner Of Recovery Of Monetary Penalty) Regulations, 2011Extract 3. Issuance of demand notice. (1) Where a penalty has been imposed on an enterprise by the Commission, the Secretary shall issue a demand notice as set out in Form I appended to these regulations and shall serve it through the recovery officer, to the enterprise concerned after expiry of the period specified for the purpose in the order of imposition of penalty by the Commission at its last address known to the Commission and in the case of a joint account to all the joint holders of such account at their last addresses known to the Commission. (2) A demand notice issued under sub-regulation (1) shall provide a time of thirty days from the date of service of the demand notice to the enterprise concerned to deposit the penalty in the manner specified in the said notice: Provided that where the Commission has any reason to believe that it will be detrimental if the full period of thirty days aforesaid is allowed, it may direct the enterprise concerned that the sum specified in the demand notice shall be paid within such period being a period less than the period of thirty days aforesaid, as may be specified by the Commission in the demand notice. (3) Upon receipt of demand notice the enterprise shall pay the penalty, through challan as set out in Form II appended to these regulations, in favour of Pay Accounts Officer (PAO), Ministry of Corporate Affairs, Head No. 1475.00.105.05, 1 [ Sub-Head-00 ] Penalties imposed by Competition Commission of India . (4) One copy of the challan shall be submitted by the enterprise to the recovery officer immediately but not later than seven days of the payment and the recovery officer shall make an entry in the penalty recovery register to the same effect. (5) The Commission may, at any time, rectify any clerical or arithmetical mistake made in the demand notice. ************** NOTES:- 1. Substituted vide Notification No. R-40007/Reg-Recovery/Noti/2021-CCI dated 16-02-2021 before it was read as, Sub-Head-05
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