Form I - Demand Notice - CCI (Manner Of Recovery Of Monetary Penalty) Regulations, 2011

THE COMPETITION COMMISSION OF INDIA FORM I (See regulation 3) DEMAND NOTICE [Under The Competition Act, 2002 (12 of 2003)] To . . . Subject: Notice of demand for the recovery of penalty imposed u/s ..of the Competition Act, 2002 (12 of 2003) regarding. WHEREAS vide order dated .. in the matter of . .. (case No. ..) the Competition Commission of India (the Commission) has imposed a penalty of Rs. (Rupees ..) on .. (Name of the concerned enterprise) having its office at .. (address) and having . PAN number under section(s) of the Competition Act, 2002 (12 of 2003) (the Act); and WHEREAS a copy of the said order was duly served upon you on (date); and in terms of the above mentioned order, the penalty of Rs. . (Rupees. ) was payable on (date); and WHEREAS you have not paid the said penalty within the time so specified; NOW, therefore, you are required to deposit a sum of Rs .. (Rupees .. ) within thirty days from the date of receipt of this notice through Challan. The payment of penalty shall be made in favour of Pay and Accounts Officer- Ministry of Corporate Affairs, New Delhi in the account head 1475.00.105.05, 2 [ Sub-Head-00 ] Penalties imposed by Competition Commission of India ; 1 [ In case you fail to deposit the penalty amount, i.e .. (Rupees .Only) within the aforesaid period, you shall be liable to pay simple interest @ 1.5% for every month or part of a month comprised in the period commencing from the date immediately after the expiry of the period mentioned in this demand notice and ending with the date on which the demand is paid. Further, the Commission shall also take necessary steps for recovery of the sum so due besides initiating actions for non-compliance of the order(s) of the Commission ] Place: . Date: . Signature: . Name: . Designation: Secretary Competition Commission of India Seal ************* NOTES:- 1. Substituted vide Notification No. R-40007/Reg-Recovery/Noti/04-CCI dated 25-06-2014 before it was read as, In case you fail to deposit the entire demand imposed by the Commission within the aforesaid period, the Commission shall take any action as it deems necessary in accordance with law 2. Substituted vide Notification No. R-40007/Reg-Recovery/Noti/2021-CCI dated 16-02-2021 before it was read as, sub-head-05