Competition Commission of India (Manner of Recovery of Monetary Penalty) Amendment Regulations, 2014

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..... mendment Regulations, 2014 No. R-40007/Reg-Recovery/Noti/04-CCI . In exercise of the powers conferred by Section 64 of the Competition Act, 2002 (12 of 2003) , the Competition Commission of India hereby makes the following regulations Competition Commission of India (Manner of Recovery of Monetary Penalty) Amendment Regulations, 2014 to amend the Competition Commission of India (Manner of Recovery .....

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..... 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 .....

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