- Monopolies and Restrictive Trade Practices (MRTPC)
An important organ of the Department of Company Affairs is
the Monopolies and Restrictive Trade Practices Commission
(MRTP
-
- Commission) a quasi-judicial
body. The MRTP Commission established under Section 5 of the Monopolies
and Restrictive Trade
-
- Practices Act, 1969, discharge
functions as per the provisions of the Act. The main function of the
MRTP Commission is to enquire
-
- into and take appropriate
action in respect of unfair trade practices and restrictive trade
practices. In regard to monopolistic trade
-
- practices the Commission is
empowered under section 10(b) to inquire into such practices (i) upon a
reference made to it by the
-
- Central Government or (ii)
upon its own knowledge or information and submit its findings to Central
Government for further action.
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