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FORM III - Recovery Certificate for the recovery of penalty imposed under the Competition Act, 2002 - Competition Commission Of India (Manner Of Recovery Of Monetary Penalty) Regulations, 2025Extract THE COMPETITION COMMISSION OF INDIA FORM III (See regulation 6) RECOVERY CERTIFICATE [Under The Competition Act, 2002 (12 of 2003)] To ______________________ ______________________ ______________________ Ref: Case No. ______ Subject: Recovery Certificate 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); and Whereas the demand notice dated __________, issued along with the above order of the Commission, had given you a time of _____________ days from the date of receipt of the notice, to deposit the penalty; and Whereas you have failed to pay the said penalty despite the demand notice being served upon you on __________________ within ____ days as specified therein. Upon your failure to make payments within the aforesaid time, you are hereby deemed to be an enterprise/person in default; Now, therefore, if you fail to pay the penalty amount within a period of 15 days of receipt of this Recovery Certificate, the Commission shall proceed to recover the amount due by adopting all or any of the modes specified under regulation 9 of the Competition Commission of India (Manner of Recovery of Monetary Penalty) Regulations, 2025 (the Regulations) including the following measures specified under regulation 10 of the Regulations, namely:- (a) Attachment and sale of any movable property of the enterprise or the person concerned; and/ or (b) Attachment and sale of any immovable property of the enterprise or the person concerned. Place: . Signature: Date: . Name: Designation: (Recovery Officer) Seal
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