MRTP-CCI

However, with passage of time, changing economic scenario, it was felt
by the Central Government that existing MRTP Act has become obsolete
in certain aspects. Central Government consequently to gear up Indian
market to face competition from within the country and outside
constituted High Level Committee on Competition policy and law and,
after consultation with Trade and Industry Associations and general
public and after considering the suggestions decided to enact a law on
competition and, enacted the Competition Act.2002. The said Act seeks
to ensure fair competition in India by prohibiting trade practices
which cause appreciable adverse effect on competition on markets
within India and for the said purpose provided establishment of
quasi-judicial body to be called the Competition Commission of India
(CCI). Section 66 which deals with repeal and saving, and, provide for
dissolution of MRTP Commission has been brought into force. Subject
to the provision of sub-section (3) of section 66, all the cases
pertaining to unfair trade practices under trade practices other than
the cases referred to above are dealt with by the National Commission
constituted under the Consumer Protection Act, 1986 and, National
Commission shall dispose of the same as if the said cases were filed
under the Consumer Protection Act.