With the repeal of the Monopolies and Restrictive Trade Practices Act, 1969 (subject to the enforcement of the Competition Act,) the mandate for the protection of consumers against unfair and restrictive trade practices primarily vests with Redressal Authorities established under the Consumer Protection Act. To facilitate their task, the definitions of ‘Unfair Trade Practice’ and 'Restrictive Trade Practice’, have been suitably revised. Anti-competitive agreements (hitherto referred to as Restrictive Trade Practices under the erstwhile MRTP Act) and abuse of Dominance (hitherto referred as Monopolistic Trade Practice under the erstwhile MRTP Act), fall under the domain of competition commission under the Competition Act.
The new edition of the book is divided into four Parts, PART-1 deals with the commentaries on MRTP Act, 1969, PART-2 contains the commentaries on the Competition Act, 2002, PART-3 deals with the commentaries on Consumer Protection Act, 1986 and PART-4 contains Appendices 1 to 39 covering text of various Acts, Rules, Regulations alongwith text of Foreign Legislation on the subject. The appendices of the book provide rich reference material. It, inter alia, contains the Rules, Regulations and Notifications issued under all the three Acts. This is the most comprehensive treatise on the rapidly developing Competition Law and Consumer Protection law on the regulatory measures on concentration of economic power.
PART I COMMENTARY ON THE MONOPOLIES AND RESTRICTIVE TRADE PRACTICES ACT, 1969 • CHAP. I—PRELIMINARY [Ss. 1- 4] • CHAP. II—MONOPOLIES AND RESTRICTIVE TRADE PRACTICES COMMISSION [Ss. 5-19] • CHAP. III—CONCENTRATION OF ECONOMIC POWER [Ss. 20-30G] • CHAP. IV— MONOPOLISTIC TRADE PRACTICES [Ss. 31-32] • CHAP. V—RESTRICTIVE TRADE PRACTICES AND UNFAIR TRADE PRACTICES [Ss. 33-36E] • CHAP. VI—CONTROL OF CERTAIN RESTRICTIVE TRADE PRACTICES [Ss. 37- 41] • CHAP. VII—POWER TO OBTAIN INFORMATION AND APPOINT INSPECTORS [Ss. 42- 44] • CHAP. VIII—OFFENCES AND PENALTIES [Ss. 45-53] • CHAP. IX—MISCELLANEOUS [ Ss. 54-67] • SCHEDULES PART II COMMENTARY ON THE COMPETITION ACT, 2002 • CHAP. I—PRELIMINARY [Ss. 1- 2] • CHAP. II—PROHIBITION OF CERTAIN AGREEMENTS, ABUSE OF DOMINANT POSITION AND REGULATION OF COMBINATIONS [Ss. 3-6] • CHAP. III—COMPETITION COMMISSION OF INDIA [Ss. 7-17] • CHAP. IV—DUTIES, POWERS AND FUNCTIONS OF COMMISSION [ Ss. 18-40] • CHAP. V—DUTIES OF DIRECTOR GENERAL [Ss. 41] • CHAP. VI—PENALTIES [Ss. 42-48] • CHAP. VII—COMPETITION ADVOCACY [S. 49] • CHAP. VIII—FINANCE, ACCOUNTS AND AUDIT [Ss. 50-53] • CHAP. IX—MISCELLANEOUS [Ss. 54-66] PART III COMMENTARY ON THE CONSUMER PROTECTION ACT, 1986 • CHAP. I—PRELIMINARY [Ss. 1- 3] • CHAP. II—CONSUMER PROTECTION COUNCILS [Ss. 4-8] • CHAP. III—CONSUMER DISPUTES REDRESSAL AGENCIES [Ss. 9- 27A] • CHAP. IV—MISCELLANEOUS [Ss. 28-31] APPENDICES • PART I—COMPETITION ACT, RULES, REGULATIONS AND REPORTS, CONSUMER PROTECTION RULES ETC. [APP. 1 TO 10] • PART II—MRTP ACT, RULES, REGULATIONS ETC. [APP. 11 TO 17] • PART III—OTHER ALLIED ACTS [APP. 18 TO 33] • PART IV—LEGISLATION ABROAD [APP. 34 TO 39]