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Monopolistic and Restrictive Trade Practice Under MRTP Act, 1969

The Monopolistic and Restrictive Trade Practices Act, 1969 was enacted to ensure economic power is not concentrated in the hands of few and to provide control of monopolies and prohibit monopolistic and restrictive trade practices. The MRTP Act applies to all of India except Jammu and Kashmir. Certain government-owned or controlled undertakings, trade unions, industries under government management, co-operatives, and financial institutions are excluded from the MRTP Act.

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48 views1 page

Monopolistic and Restrictive Trade Practice Under MRTP Act, 1969

The Monopolistic and Restrictive Trade Practices Act, 1969 was enacted to ensure economic power is not concentrated in the hands of few and to provide control of monopolies and prohibit monopolistic and restrictive trade practices. The MRTP Act applies to all of India except Jammu and Kashmir. Certain government-owned or controlled undertakings, trade unions, industries under government management, co-operatives, and financial institutions are excluded from the MRTP Act.

Uploaded by

tigersayooj
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© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as ODT, PDF, TXT or read online on Scribd
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Monopolistic and Restrictive Trade Practice under MRTP Act, 1969 The Monopolistic and Restrictive Trade Practices

Act, 1969, was enacted To ensure that the operation of the economic system does not result in the concentration of economic power in hands of few, To provide for the control of monopolies, and To prohibit monopolistic and restrictive trade practices. The MRTP Act extends to the whole of India except Jammu and Kashmir. Unless the Central Government otherwise directs, this act shall not apply to: a. Any undertaking owned or controlled by the Government Company, b. Any undertaking owned or controlled by the Government, c. Any undertaking owned or controlled by a corporation (not being a company established by or under any Central, Provincial or State Act, d. Any trade union or other association of workmen or employees formed for their own reasonable protection as such workmen or employees, e. Any undertaking engaged in an industry, the management of which has been taken over by any person or body of persons under powers by the Central Government, f. Any undertaking owned by a co-operative society formed and registered under any Central, Provincial or state Act, g. Any financial institution.

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