Revised penalty for entering into agreements to abuse competitors using dominant position

The central government vide notification dated 5th March, 2024 has appointed the 6th day of March, 2024 as the date on which the provisions of sections 20, 35 and 40 of the Competition (Amendment) Act, 2023 shall come into force.

These provisions prescribes the penalties for entering into agreements to abuse dominant position in a relevant market in a manner that will have adverse effect in competition.

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