SETTLEMENT 100% confidence via regex

GAZETTE NOTICE NO. 5996

THE COMPETITION ACT

(No. 12 of 2010)

SETTLEMENT

IT IS notified for general information in accordance with section 39 of the Competition Act, 2010, that in exercise of the powers conferred by section 38 of the Competition Act, the Competition Authority of Kenya has entered into a settlement agreement with Magnate Ventures Limited after the company was found to have contravened section 22 (1) (b) of the Act. Under the settlement agreement (a)the Authority has imposed a financial penalty to the tune of Kenya shillings five million (KSh. 5,000,000) on the company; and (b)the company gave a written undertaking to in future desist from egaging in any conduct that is in contravention of the Act. Dated the 27th July, 2016. WANG'OMBE KARIUKI, Director-General.

Dated the 27th July, 2016.

WANG'OMBE KARIUKI,

Director-General.

Extracted Entities (1)

previous_gazette_ref

5996

Details

Act / Legislation: THE COMPETITION ACT
Reference: No. 12 of 2010
Section: section 39
Signed By: WANG'OMBE KARIUKI
Title: Director-General
Date Signed: 27th July 2016
Page: 4
Extraction Method: regex

Source Gazette

Vol. CXVIII No. 87

Published 26th May 2016