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Monopoly and Restrictive Trade Practice (MRTP ) Act 1969 and its Provisions

After 1947 , many big firms had entered in Indian economy and they were trying to operate business without any competitors . Govt. of India had understood the policy of big Corporate firms and for safeguarding the
 interest of consumers , Govt. of India has passed the bill of MRTP and made the monopoly and restrictive trade practise Act 1969 . After activation of this law , no company can promote monopoly and other restrictive trade activities . MRTP commission has power to stop all business activity who are creating barrier in the way of competition in Indian economy.

In this law , RTP is defined deeply and many provisions explains what are activities are restrictive .

Now , this act is converted into Competition Act 2002 and MRTP commission is converted into Competition commission.

Comments

  1. Many people in India don't know that Govt. of India has passed the bill of MRTP and made the monopoly and restrictive trade practice in Act 1969.They even don't know what activities are restrictive.Some such activities are openly carried due to lack of knowledge until problem arise

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