Section 44: Penalty for making false statement or omission to furnish material information.

The Competition Act, 2002Central Act · Act 12 of 2003

If any person, being a party to a combination,--

(a) makes a statement which is false in any material particular, or knowing it to be false; or

(b) omits to state any material particular knowing it to be material,

such person shall be liable to a penalty which shall not be less than rupees fifty lakhs but which may extend to rupees one crore, as may be determined by the Commission.

Where this provision sits

Act	The Competition Act, 2002
Section	44
Marginal note	Penalty for making false statement or omission to furnish material information.
Jurisdiction	Central
Status	In force as published by the source

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