Consider the following statements regarding Section 46 (Lesser Penalty) of the Competition Act, 2002: Statement 1: A cartel member can apply for lesser penalty by disclosing the cartel to
CCI. Statement 2: Lesser penalty is available only to the first applicant disclosing the cartel. Statement 3: An applicant for lesser penalty must provide full and true disclosure of cartel details. Statement 4: Lesser penalty entitles the applicant to 100% reduction in penalties. Which statements are correct?