Law and practice of restrictive trade practices in India

The basic object of any anti-monopoly legislation is to provide protection to the consumer by keeping competition alive in the market. Many trade practices are restrictive by their very nature and may have the effect of preventing, distorting or limiting competition, and, therefore, are regarded prejudicial to public interest. One major aim of all com petition legislations throughout the world is to control restrictive trade practices in their respective countries.

Most discussed and analysed among the restrictive trade practices is the practice of resale price maintenance. Because of its highly controversial economic implications this practice has been a perennial battlefield between the contenders of per se prohibition approach and contenders of viable rule of reason. In India, however, the M.R.T.P. legislation while controlling other restrictive trade practices only when found injurious to economic interest, declares outrightly void any agreement between the suppliers and dealers to implement resale price maintenance.

The present book is the first major attempt to discuss comprehensively the economic and legislative aspects of the practice in a compara tive background. After an indepth analysis of British, Canadian and Indian approach, the author, at the end of the book, has made valuable suggestions for a more effective control of the practice of resale price maintenance,

This outstanding book will be of great use to scholars and students of law and economics and to all those concerned with resale price maintenance.