In March 2024, the Ministry of Corporate Affairs notified that the provisions of sections 20, 35 & 40 of the Competition (Amendment) Act, 2023 will come into force with effect from 6th March 2024. The amendments allow the Competition Commission of India (CCI) to impose a penalty of up to ___________ on the global turnover of companies involved in anti-competitive practices.
1
10%
2
20%
3
30%
4
40%
5
50%