Unfair Trade Practices In India In Montgomery
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The Act prohibits anti-competitive agreements, abuse of dominant position by enterprises, and regulates combinations (mergers, amalgamations and acquisitions) with a view to ensure that there is no adverse effect on competition in India.
Types of Unfair Trade Practices ①Refusal to Deal. ② Discriminatory Treatment. ③ Exclusion of a Competitor. ④ Unfair Solicitation of Customers. ⑤ Coercion of Transaction. ⑥ Abuse of Superior Bargaining Position. ⑦ Imposing Binding Conditional Trade. ⑧ Obstruction of Business Activities.
--If any person indulges in fraudulent and unfair trade practices relating to securities, he shall be liable to a penalty 2which shall not be less than five lakh rupees but which may extend to twenty-five crore rupees or three times the amount of profits made out of such practices, whichever is higher.
Unfair trade practices include twisting facts, harsh treatment of workers, poor working and living conditions as well as not allowing workers to join labour unions. Work and exploitation People who are poor are often exploited in the trading system. When you are exploited, it means that someone treats you unfairly.
Register online to file grievances/complaints online at Consumer Online Resource and Empowerment (CORE) Centre under Consumer Coordination Council (CCC) which is supported by Department of Consumer Affairs. To register, users need to provide their name, user name, password and contact details in the form provided.
All NRIs who have any complaint against an individual or an authority in India can submit a petition detailing their grievances to the Consular Wing. The same is then forwarded to the appropriate authority in India for redressal.
Register your complaint with Ministry of Corporate Affairs Register your complaint online with the Ministry of Corporate Affairs. You need to fill up this form with information such as your name, city, country, nature of complaint, complaint category, company name etc.
