DON'T FORGET TO LIKE AND SHARE THE PRESENTATION CAUSES OF MRTP ENACTMENT:- 1.Concentration of economic power in the hands of few. 2.Economic discretion in society. 3.Upliftment of small scale cottage industries. MRTP ACT, 1969:- 1.To ensure concentration of economic power does not result in the hands of few. 2.To provide for the control of monopolies. 3.To prohibit monopolistic, restrictive and unfair trade practices. The MRTP Act extends to the whole of India except Jammu and Kashmir. a)MONOPOLISTIC TRADE PRACTICES:- 1.Unreasonable prices for goods or services. 2.Unreasonably preventing or lessening competition. 3.Allowing quality to deteriorate. b)RESTRICTIVE TRADE PRACTICES:- 1.Restricts competition. 2.Obstruction in the flow of capital or resources. 3.Manipulation of prices. c)UNFAIR TRADE PRACTICES:- 1.False Representation. 2.False Price or Bargain Price. 3.Free gifts offer and Prize Schemes. 4.Non-compliance of Prescribed Standards. ACTION UNDER THE ACT:- 1.Temporary Injunction 2.Compensation DON'T FORGET TO LIKE AND SHARE THE PRESENTATION. THANK YOU FOR YOUR TIME AND CONSIDERATION.

1. THE MONOPOLIESTHE MONOPOLIES
ANDAND
RESTRICTIVE TRADERESTRICTIVE TRADE
PRACTICES (MRTP)PRACTICES (MRTP)
ACT, 1969ACT, 1969
By :-By :-
SHUBHAM BONISHUBHAM BONI
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2. CAUSE OF MRTP ACTCAUSE OF MRTP ACT
• Concentration of economic power in
the hands of few.
• Economic discretion in society.
• Upliftment of small scale cottage
industries.
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3. THE MONOPOLIES AND RESTRICTIVETHE MONOPOLIES AND RESTRICTIVE
TRADE PRACTICES (MRTP) ACT, 1969TRADE PRACTICES (MRTP) ACT, 1969
• To ensure concentration of economic
power does not result in the hands of few.
• To provide for the control of monopolies.
• To prohibit monopolistic, restrictive and
unfair trade practices.
The MRTP Act extends to the whole of
India except Jammu and Kashmir
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4. Monopolistic Trade PracticesMonopolistic Trade Practices
• Unreasonable prices for goods or
services.
• Unreasonably preventing or
lessening competition.
• Allowing quality to deteriorate.
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5. RESTRICTIVE TRADERESTRICTIVE TRADE
PRACTICEPRACTICE
• Restricts competition.
• Obstruction in the flow of capital or
resources.
• Manipulation of prices.
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6. UNFAIR TRADE PRACTICEUNFAIR TRADE PRACTICE
• False Representation.
• False Price or Bargain Price.
• Free gifts offer and Prize Schemes.
• Non-compliance of Prescribed Standards.
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7. ACTION UNDER THE ACTACTION UNDER THE ACT
• Temporary Injunction
• Compensation
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9. EFFECT OF MRTP ACTEFFECT OF MRTP ACT
• Liberalisation, Privatisation,
Globalisation(LPG),1991.
• Foreign Exchange Management Act,
(FEMA ACT)1999.
• Competition Act, 2002.
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10. MRTP ACT,1969 VSMRTP ACT,1969 VS
COMPETITION ACT,2002COMPETITION ACT,2002
MRTP ACT,1969 COMPETITION ACT,2002
 Frowns upon dominance.  Frowns upon abuse of
dominance.
 No penalties for offences.  Penalties for offences.
 Reactive and rigid.  Proactive and flexible.
 Unfair trade practices
covered.
 Unfair trade practices omitted
(consumer forum will deal
with them).
 Does not vest MRTP
Commission to inquire into
cartels of foreign origin in a
direct manner.
 Competition Law seeks to
regulate them.
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11. CONCLUSIONCONCLUSION
MRTP Act,1969:-
• Adversely affected economic growth.
• Blunted Indian companies ability to grow.
• This has had a very dampening effect on
their global competitiveness.
Competition act 2002:-
• The Act benefited the consumer, business
houses as well as government.
• The main aim of this act was to encourage
healthy and free competition in the
market.
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