# The Competition Act, 2002, Section 44: Penalty for making false statement or omission to furnish material information

- Act: The Competition Act, 2002 (Act 12 of 2003)
- In force from: 2003-03-31
- Ministry: Ministry of Corporate Affairs
- Source URL: https://indiacode.ecourtsindia.com/competition-act/section/44/

## Text

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.

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