Question

Consider the following statements regarding settlement and consent mechanism under Competition Act: Statement 1: Parties can settle Competition Act violations through agreed settlements. Statement 2: CCI must give prima facie opinion before settlement is possible. Statement 3: Settlement agreements can provide reduced penalties for admitting violations. Statement 4: Settlements are final and not subject to review after approval. Which statements are correct?

A Statements 1 and 3 only
B Statements 2 and 3 only
C Statements 1, 2, and 3 only
D Statements 2, 3, and 4 only
E All statements are correct
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