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Jun 20, 2024 · The MRTP bill was passed in 1969 and the MRTP act India came into full force from 1st June 1970. This act has seen many amendments in the subsequent years (1974, 1980, 1982, and 1991). This act is applicable to all the states in India except Jammu and Kashmir.
Created Date: 2/9/2007 5:06:03 PM
Amendment Act 58 of 1991-Statement of Objects and Reasons.-The Monopolies and Restrictive Trade Practices Act, 1969 (in short, MRTP Act) came into force with effect from 1st June, 1970.
The salient features of the MRTP Act of 1969 are as follows: Aim of the Act: MRTP Act came into existence on 1 June 1970. The law was enacted with the sole aim of achieving the largest possible production with the least damage to people at large whilst securing maximum benefit. Scope of the MRTP Act, 1969.
Aug 30, 2018 · This Bill later became the MRTP Act, 1969. The new MRTP Act was greatly influenced by its foreign counterparts such as Sherman Act and Clayton Act of USA, the MRTP (Inquiry and Control) Act, 1948 and the Resale Prices Act, 1964 of the UK, etc. Following are some salient features of MRTP Act, 1969. Salient features of MRTP, Act, 1969
4.2.1 Section 10 of the MRTP Act, 1969 empowers the MRTP Commission to enquire into monopolistic or restrictive trade practices upon a reference from the Central Government or upon its own knowledge or on information.
An Act to provide that operation of the economic system does not result in the concentration of economic power to the common detriment, for the control of monopolies, for the prohibition of monopolistic and restrictive trade practices and for matters connected therewith or incidental thereto.
Full text containing the act, Trade Monopolies and Restrictive Trade Practices Act, 1969, with all the sections, schedules, short title, enactment date, and footnotes.
ACT NO. 54 OF 1969 [27th December, 1969. An Act to provide that the operation of the economic system does not result in the concentration of economic power to the common detriment, for the control of monopolies, for the prohibition of monopolistic and restrictive trade practices and for matters connected therewith or incidental thereto.
The Monopolies and Restrictive Trade Practices Act (MRTP Act) of 1969 was a crucial legislation in India aimed at curbing monopolistic and anti-competitive practices in the country. It provided a comprehensive framework to regulate and control unfair trade practices, restrictive trade practices, and the concentration of economic power.
