Competition Commission Of India Notifies 'Lesser Penalty' Regulations, 2024

The Competition Commission of India (CCI) on Tuesday has notified the Lesser Penalty Regulations, 2024.

Lesser Penalty is an incentive provided to infringers of law to come forward and disclose information, documents and evidence with respect to their cartel conduct, in return for grant of reduction in the penalty which may be levied on them. The Lesser Penalty regime of CCI is provided under Section 46 of the Act and is governed by the Competition Commission of India (Lesser Penalty) Regulations, 2024, more commonly known as the LPR.

Lesser Penalty Plus provides an incentive to existing Lesser Penalty applicants to come forward and disclose information, documents and evidence with respect to their participation in another cartel. Such disclosure would not only entitle the Lesser Penalty Plus applicant for grant of reduction in penalty which may be levied on it in the second cartel, but also for grant of additional reduction in penalty which may be levied on it in the first cartel.

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