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Presentation on Mrtp Act

Presentation on Mrtp Act

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Published by Heavy Gunner

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Published by: Heavy Gunner on Jan 11, 2009
Copyright:Attribution Non-commercial

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05/02/2013

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Birth and ObjectivesBirth and Objectivesof MRTP Actof MRTP Act
 The MRTP Act 1969 is an important but The MRTP Act 1969 is an important butvery controversial piece of economicvery controversial piece of economiclegislation. The act came into force fromlegislation. The act came into force from11
stst
june 1970 and has been amended in june 1970 and has been amended in1974,1980,1982,1984 and 1991. This act1974,1980,1982,1984 and 1991. This actapplies to whole states except J&K applies to whole states except J&K 
..
OBJECTIVESOB
 
 JECTIVES
Initially it had 3Initially it had 3objectivesobjectives
 To control monopolies and monopolistic To control monopolies and monopolistictrade practicestrade practices
 To regulate the concentration of economic To regulate the concentration of economicpower to the common detriment.power to the common detriment.
 
 To prohibit restrictive trade practices To prohibit restrictive trade practicesunless any of them can be justified tounless any of them can be justified tobe in the public interest.be in the public interest.
 The Monopolies Amendment Act The Monopolies Amendment Act1984 has introduced a 41984 has introduced a 4
thth
objective.objective.
Regulation of unfair trade practices.Regulation of unfair trade practices.
After the amendment of act in 1991,After the amendment of act in 1991,the objectives now are:the objectives now are:
Regulating unfair trade practices.Regulating unfair trade practices.
Controlling monopolistic tradeControlling monopolistic tradepractces.practces.
 
So after going through theseSo after going through theseobjectives of MRTP Act we can sayobjectives of MRTP Act we can saythat this act provides that operationthat this act provides that operationof the economic system does notof the economic system does notresult in the concentration of result in the concentration of economic power to the commoneconomic power to the commondetriment, for the control of thedetriment, for the control of themonopolies, for the prohibition of monopolies, for the prohibition of monopolistic and restrictive trademonopolistic and restrictive tradepractices and for matters connectedpractices and for matters connectedthere with.there with.

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