Procedure for grant of lesser penalty

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..... e, or may contact, orally or through e-mail or fax, the designated authority for furnishing the information and evidence relating to the existence of a cartel. The designated authority shall, thereafter, within three working days, put up the matter before the Commission for its consideration. (2) The Commission shall thereupon mark the priority status of the applicant and the designated authority .....

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..... icant may forfeit its claim for priority status and consequently for the benefit of grant of lesser penalty. (5) The Commission, through its designated authority, shall provide written acknowledgement on the receipt of the application informing the priority status of the application but merely on that basis, it shall not entitle the applicant for grant of lesser penalty. (6) Unless the evidence su .....

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..... der of priority for grant of priority status by the Commission and the procedure prescribed above, as in the case of first applicant, shall apply mutatis mutandis. (9) The decision of the Commission of granting or rejecting the application for lesser penalty shall be communicated to the applicant. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax .....

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