Monopolies and Restrictive Trade practices complete act with section list


Posted on 05-05-2016        By ADMIN

Monopolies and Restrictive Trade practices complete act with section list Section 2(v) - “Undertaking” :- means an enterprise which is, or has been or is proposed to be, engaged in the production, storage, supply, distribution, acquisition or control of the articles or goods, or the provision of services of any kind, either directly or through one or more of its units or divisions, whether such unit or division is located at the same place where the undertaking is located or at the different place or at different places. Explanation I, clarifies that “article” includes new article and “service” includes new service. Further “unit” or “division” in relation to an undertaking includes- 1. a plant or factory established for the production, storage, supply, distribution, acquisition or control of any article or goods, 2. any branch or office established for the provision of services. Explanation II provides that a body corporate which is, or has been, engaged only in the business of acquiring, holding, underwriting or dealing with shares, debentures or other securities of any other body corporate shall be deemed to be an undertaking. Explanation III provides that, for the purposes of this Act, an Investment Company shall be deemed to be an undertaking. B/2 Section 2(e) - “Goods” :- means Goods as defined in the Sale of Goods Act, 1930 and includes, 1. products manufactured, processed or mined in India, 2. shares and stocks including issue of shares before allotment. 3. in relation to goods supplied, distributed or controlled in India, goods imported into India.


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