Study of Key Differences Between MRTP Act and Competition Act

Authors

  • Kislay Chauhan, Assistant Professor(Contract) , Department of Law, CDLU Sirsa

Keywords:

Competition Act, MRTP Act

Abstract

Monopolies and Restrictive Trade Practices (MRTP) Act, 1969 was revoked and replaced by Competition Act, 2002. MRTP Act was enacted to deal with monopolistic, restrictive and unfair trade practices, but due to certain limitations, Competition Act was introduced, which changed the focus from curbing monopolies to promoting competition.Both the acts apply to whole India, except the state of Jammu and Kashmir. While the old act belongs to pre-liberalisation period, the new Act, came into force after liberalization. The arrangement and language of the new act are much simpler than the old one.

References

http://www.helplinelaw.com/civil-litigation-and-others/MRTP/mrtp-act-monopolistic-and-restrictive-trade-practice-under-mrtp-act-1969.html

https://keydifferences.com/difference-between-mrtp-act-and-competition-act.html

https://www.gktoday.in/gk/the-monopolies-and-restrictive-trade-practices-act-1970/

The Monopolies and restrictive Trade practices Act, 1969

http://www.commonlii.org/in/legis/cen/num_act/martpa1969425/

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Published

2017-06-30

How to Cite

Chauhan, K. (2017). Study of Key Differences Between MRTP Act and Competition Act. Innovative Research Thoughts, 3(2), 47–49. Retrieved from https://irt.shodhsagar.com/index.php/j/article/view/78

Issue

Vol. 3 No. 2 (2017): Volume 3 | Issue 2 | 2017

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.