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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.
Information Source: Ministry of Company Affairs.CommentQuote0Flag
- I am aware of the fact that the Govt. has taken a few steps towards this direction and does look into facts to facillitate consumer satisfaction. But i am not aware of govt bodies which take up such complaints & try to solve queries. How much can a consumer rely on the CONSUMER FORUM in such cases of unsatisfactory dealings from builders when the consumer has made a prelaunch investment & what are the guidelines set by the Govt to ban prelaunch bookings.CommentQuote0Flag