(a) whether the Government has made any initiatives to rationalise the
working of Competition Commission of India to make transparent guidelines for
fine/penalty keeping in view the different tier slabs; and
(b) if so, the details thereof and the present position thereto?
THE MINISTER OF STATE (SHRI SACHIN PILOT) (INDEPENDENT CHARGE) IN THE MINISTRY OF CORPORATE AFFAIRS
(a) & (b) Competition Commission of India is a statutory body constituted
under the Competition Act, 2002. Government discharges such role as is assigned
to it under the said Act. Power to levy penalty is vested in the Commission under
Section 27(b) of the Act. The said section authorizes the Commission to levy
penalty of upto 10% of the average turnover of the last three preceding years for
abuse of dominant position and anti-competitive agreements. Section 46, however,
authorizes the Commission to impose lesser penalty. To effectuate the power of
Section 46, the Commission has framed Competition Commission of India (Lesser
Penalty) Regulations, 2009.