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Section47
The Competition Act, 2002

Crediting sums realised by way of penalties to Consolidated Fund of India

In force From 31 Mar 2003 Act 12 of 2003 As on 19 Oct 2026

Act 12 of 2003 Ministry Corporate Affairs Enacted 13 Jan 2003 In force 31 Mar 2003

Section 47 of the Competition Act, 2002 deals with crediting sums realised by way of penalties to Consolidated Fund of India. All sums realised by way of penalties [and recovery of legal costs by the Commission] under this Act shall be credited to the Consolidated Fund of India. The Act came into force on 31 Mar 2003.

All sums realised by way of penalties 1[and recovery of legal costs by the Commission] under this Act shall be credited to the Consolidated Fund of India.

Section 47, The Competition Act, 2002 (Act 12 of 2003).

Questions about Section 47

What does Section 47 of the Competition Act deal with?

Section 47 of the Competition Act is headed "Crediting sums realised by way of penalties to Consolidated Fund of India". All sums realised by way of penalties [and recovery of legal costs by the Commission] under this Act shall be credited to the Consolidated Fund of India.

How do I find court cases under Section 47 of the Competition Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Competition Act 47, section 47 Competition Act, section 47 of the Competition Act. People searching for it also type competition act 47b. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

When did Section 47 of the Competition Act come into force?

Section 47 of the Competition Act, cited as Competition Act 47, came into force on 31 Mar 2003, having been enacted on 13 Jan 2003. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 19 Oct 2026. This page is not a substitute for legal advice.