[48C. Revocation of the settlement or commitment order and penalty.--If an applicant fails to comply with the order passed under section 48A or section 48B or it comes to the notice of the Commission that the applicant has not made full and true disclosure or there has been a material change in the facts, the order passed under section 48A or section 48B, as the case may be, shall stand revoked and withdrawn and such enterprise shall be liable to pay legal costs incurred by the Commission which may extend to rupees one crore and the Commission may restore or initiate the inquiry in respect of which the order under section 48A or section 48B was passed.
Section 48C: Revocation of the Settlement or Commitment order and penalty.
The Competition Act, 2002Central Act · Act 12 of 2003
Where this provision sits
| Act | The Competition Act, 2002 |
|---|---|
| Section | 48C |
| Marginal note | Revocation of the Settlement or Commitment order and penalty. |
| Jurisdiction | Central |
| Status | In force as published by the source |
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
- substituted, Act 9 of 2023. . Subs. by Act 9 of 2023, s. 35, for section 48 (w.e.f. 6-3-2024).
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