To provide for the control of monopolies, and
To prohibit monopolistic and restrictive trade practices.Unless the Central Government otherwise directs, this act shall not apply to:1.
Any undertaking owned or controlled by the Government Company,2.
Any undertaking owned or controlled by the Government,3.
Any undertaking owned or controlled by a corporation (not being acompany) established by or under any Central, Provincial or State Act,4.
Any trade union or other association of workmen or employees formed fortheir own reasonable protection as such workmen or employees,5.
Any undertaking engaged in an industry, the management of which hasbeen taken over by any person or body of persons under powers by theCentral Government,6.
Any undertaking owned by a co-operative society formed and registeredunder any Central, Provincial or state Act,7.
Any financial institution.Monopolies and Restrictive Trade Practices Act, 1969 (MRTP Act), which cameinto force was the first substantive legislation aimed at regulating free andunfettered trade. The main object of enacting the MRTP Act was to ensure thatthe economic system does not result in the concentration of economic power tothe common determinant, for the control of monopolies and foe the prohibitionof monopolistic and restrictive trade practices. The MRTP Act regulates threetypes of trade practices, monopolistic trade practices, restrictive trade practicesand unfair trade practices.