Question
Consider the following statements regarding penalties under Sections 27-29 of the Competition Act, 2002: Statement 1: Penalties for Section 3 (anti-competitive agreements) can extend to 10% of average turnover. Statement 2: Penalties must be proportionate to the infringement severity. Statement 3: Repeat offences do not attract enhanced penalties under the Competition Act. Statement 4: Directors and officers can be held individually liable for corporate violations. Which statements are correct?
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