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FORM I - Notice of demand for the recovery of penalty imposed u/s ___ of the Competition Act, 2002 - Competition Commission Of India (Manner Of Recovery Of Monetary Penalty) Regulations, 2025Extract 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 ____________________________) upon _______________ (Name of the concerned enterprise/ person), having its office/residence at __________________________________________ (address) and having __________________ PAN number, under section(s) ______ of the Competition Act, 2002 (12 of 2003) (the Act); Therefore, you are accordingly required to deposit a sum of Rs._________ (Rupees _______________________) within _______ 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, [Sub-Head-00] Penalties imposed by Competition Commission of India ; [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% 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: . Signature: Date: . Name: . Designation: Secretary Competition Commission of India Seal
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