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Power to impose penalty for non-furnishing of information on combinations

Power to impose penalty for non-furnishing of information on combinations :

Section – 43A. If any person or enterprise who fails to give notice to the Commission under sub-section (2) of section 6, the Commission shall impose on such person or enterprise a penalty which may extend to one per cent of the total turnover or the assets, whichever is higher, of such a combination.